Grupo Cibest (CIB) director adds units in company voluntary pension fund
Rhea-AI Filing Summary
Grupo Cibest S.A. director Jaramillo Mejia Ricardo reported an acquisition of 283.1200 additional units in a company-sponsored institutional voluntary pension fund that is administered by an independent third-party manager. These units are an indirect, derivative interest tied primarily to Grupo Cibest common and preferred shares.
The units were credited on the basis of a voluntary cash contribution to the fund at a reference value of about $7.90 per unit (COP 27,081.70). Following this transaction, a total of 7,543.4218 units are held in the director’s voluntary pension fund account. The director has no voting or investment discretion over the fund’s underlying assets, and benefits are ultimately payable only in cash based on the fund’s value at withdrawal.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jaramillo Mejia Ricardo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund | 283.12 | $7.90 | $2K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 7,543.4218 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (2)
- F1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on June 17, 2026 was COP 27,081.70 equal to approximately $7.90 per Unit using a conversion rate of COP 3,427.07 per $1.
- F2. The instrument has no expiration date
Key Figures
Units acquired: 283.1200 units
Units held after: 7,543.4218 units
Unit value (COP): COP 27,081.70 per unit
+2 more
5 metrics
Units acquired
283.1200 units
Grant/award acquisition on June 17, 2026
Units held after
7,543.4218 units
Total institutional voluntary pension fund units after transaction
Unit value (COP)
COP 27,081.70 per unit
Value of one unit on June 17, 2026
Unit value (USD equivalent)
$7.90 per unit
Approximate value using COP 3,427.07 per $1 conversion rate
FX conversion rate
COP 3,427.07 per $1
Rate used to convert unit price to USD equivalent
Key Terms
institutional voluntary pension fund, unitized, voting or investment discretion, grant, award, or other acquisition, +2 more
6 terms
institutional voluntary pension fund financial
"The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
voting or investment discretion financial
"The reporting person does not have voting or investment discretion with respect to the assets held by the fund"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
derivative financial
"transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
conversion rate financial
"using a conversion rate of COP 3,427.07 per $1"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
FAQ
What insider transaction did Grupo Cibest (CIB) report on this Form 4?
Grupo Cibest director Jaramillo Mejia Ricardo reported receiving 283.1200 additional units in an institutional voluntary pension fund sponsored by the company, increasing his indirect, fund-based exposure tied primarily to Grupo Cibest common and preferred shares.
Was the Grupo Cibest (CIB) Form 4 transaction an open-market purchase or sale?
No, the Form 4 shows a grant or other acquisition of fund units credited after a voluntary cash contribution to a company-sponsored pension fund, not an open-market stock trade, and it is classified as a derivative-type, indirect ownership interest.
What price was used to value the Grupo Cibest pension fund units in the Form 4?
On June 17, 2026, each pension fund unit was valued at COP 27,081.70, approximately $7.90 per unit using a COP 3,427.07 per $1 conversion rate, which is the basis for the transaction’s per-unit valuation disclosure.
Does the Grupo Cibest director control voting or investment decisions for the fund assets?
According to the disclosure, the director has no voting or investment discretion over the assets held by the institutional voluntary pension fund, even though he holds the reported units and has an indirect economic interest in the underlying portfolio.
AI-generated analysis. How Rhea-AI works. Not financial advice.
