Grupo Cibest (NYSE: CIB) director reports 26K pension fund units disposed
Rhea-AI Filing Summary
Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria, through an institutional voluntary pension fund, reported a disposition to the issuer of 26,015.88 fund units on August 6, 2026 at about $8.38 per unit, leaving 15,539.69 units indirectly held.
The units represent interests in a unitized fund investing primarily in Grupo Cibest common and preferred shares and administered by an independent manager. The director has no voting or investment discretion over the fund assets, the units were paid exclusively in cash, and the instrument has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Restrepo Echavarria Luis Fernando
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Units in Grupo Cibest Equity Securities Fund F1, F2 | 26,015.88 | $8.38 | $218K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 15,539.69 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 declared units were paid exclusively in cash, based on the value of the fund on 08/06/2026. The price of a unit on August 6, 2026, was COP 26,648.10 equal to approximately $8.38 per Unit using a conversion rate of COP 3,179.40 per $1.
- F2. The instrument has no expiration date
Key Figures
Units disposed: 26,015.8800 units
Units following transaction: 15,539.6900 units
Unit price in COP: COP 26,648.10
+2 more
5 metrics
Units disposed
26,015.8800 units
Units in Grupo Cibest Equity Securities Fund disposed on August 6, 2026
Units following transaction
15,539.6900 units
Indirectly held fund units after the reported disposition
Unit price in COP
COP 26,648.10
Value of one fund unit on August 6, 2026
Approximate unit price in USD
$8.38 per unit
COP 26,648.10 converted using COP 3,179.40 per $1
FX conversion rate
COP 3,179.40 per $1
Rate used to translate COP 26,648.10 unit value to about $8.38
Key Terms
institutional voluntary pension fund, unitized, disposition to issuer, Director Voluntary Pension Fund Units
4 terms
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest shares"
disposition to issuer financial
"transaction code description: Disposition to issuer"
Director Voluntary Pension Fund Units financial
"nature of ownership: Director Voluntary Pension Fund Units"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Grupo Cibest (CIB) report in this Form 4?
A Grupo Cibest director reported a disposition to the issuer of pension fund units. The transaction involved 26,015.88 units in the Grupo Cibest Equity Securities Fund, linked to common and preferred shares, and was settled entirely in cash on August 6, 2026.
How many Grupo Cibest (CIB) pension fund units were disposed of and what remains held?
The director disposed of 26,015.88 fund units and now indirectly holds 15,539.69 units. These units represent interests in a unitized fund investing primarily in Grupo Cibest equity, rather than direct holdings of individual common or preferred shares.
What price per unit applied to the Grupo Cibest (CIB) pension fund transaction?
Each fund unit was valued at COP 26,648.10, approximately $8.38 per unit. This valuation used a conversion rate of COP 3,179.40 per $1, and the declared units were paid exclusively in cash based on the fund’s value on August 6, 2026.
Does the Grupo Cibest (CIB) director control voting or investment decisions for these units?
No. The filing states the director has no voting or investment discretion over the fund assets. The units are held in an institutional voluntary pension fund administered by an independent third-party manager, which primarily invests in Grupo Cibest common and preferred shares plus some cash.
What type of security was involved in the Grupo Cibest (CIB) Form 4 transaction?
The transaction involved Units in Grupo Cibest Equity Securities Fund, classified as a derivative security. These units represent an interest in a unitized fund that invests mainly in Grupo Cibest common and preferred shares, rather than direct ownership of those underlying shares.
Was the Grupo Cibest (CIB) Form 4 transaction made under a Rule 10b5-1 trading plan?
The document’s Rule 10b5-1 checkbox is not marked as affirmative, and the notes do not reference any trading plan. The disposition of pension fund units is therefore reported without indication that it was executed under a pre-arranged Rule 10b5-1 plan.