Form 4: Director Ricardo Jaramillo Mejia Increases CIB Holdings

Director Ricardo Jaramillo Mejia acquired 271.6 units in the Grupo Cibest institutional voluntary pension fund.

Summary

• Director Ricardo Jaramillo Mejia acquired 271.6 units in the issuer-sponsored institutional voluntary pension fund on March 20, 2026.
• The transaction was a voluntary cash contribution to the fund.
• The units are valued at approximately $7.10 per unit based on a conversion rate of 3,692.48 COP per USD.
• Following the transaction, the director holds a total of 6,679.9382 units in the fund.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing reflecting standard director participation in a company benefit plan, which is neutral for the stock price.

Positives

• Director demonstrates continued commitment to the company through voluntary pension fund contributions.

Negatives

• None identified.

Risks

• The reporting person lacks voting or investment discretion over the assets held within the pension fund.
• The economic value of the units is subject to market fluctuations of the underlying common and preferred shares held by the fund.

Future Outlook

The instrument has no expiration date and is payable solely in cash based on the value of the fund at the time of withdrawal.

Management Comments

• The reporting person does not have voting or investment discretion with respect to the assets held by the fund.

Industry Context

StockSavvy.ai notes that director participation in company-sponsored pension or equity plans is a standard corporate governance practice, signaling alignment between leadership and long-term shareholder interests.

Comparison to Industry Standards

• The transaction aligns with standard executive compensation and benefit structures for publicly traded companies in the Latin American region.
• The use of an independent third-party manager for the pension fund is consistent with best practices for corporate governance and fiduciary oversight.

Related Party Transactions

• The reporting person is a director of the issuer and participated in an issuer-sponsored institutional voluntary pension fund.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine insider transaction within a managed pension fund.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Grupo Cibest, CIB, Insider Trading, Form 4, Director Ownership, Pension Fund