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Controladora Vuela Compania de Aviacion, S.A.B. de C.V.·4

Apr 28, 4:03 PM ET

Palomo Deneke Joaquin Alberto 4

Research Summary

AI-generated summary

Updated

Vuela (VLRS) Director Joaquin Palomo Deneke Exercises RSUs and Sells Shares

What Happened

  • Joaquin Alberto Palomo Deneke, a director of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), had RSUs vest/convert and were then disposed on April 28, 2026. The filing shows an exercise/conversion of 120,850 derivative units (RSUs) on 2026-04-28 that were also reported as disposed on the same date. Separately, he was granted 64,200 RSUs on 2026-04-24 (recorded as an award at $0.00). The filing lists $0.00 for the reported prices/proceeds on these derivative transactions (no cash value reported in the Form 4).

Key Details

  • Transactions:
    • 2026-04-24: Award/Grant (A) — 64,200 RSUs granted @ $0.00 (per filing; these RSUs vest on 2027-04-24; see footnote F4).
    • 2026-04-28: Exercise/Conversion (M) — 120,850 RSUs converted to shares (price N/A in one line, $0.00 in another line).
    • 2026-04-28: Exercise/Conversion (M) — same 120,850 shares recorded as disposed on 2026-04-28 (price $0.00; proceeds not specified).
  • Shares owned after the transaction: Not specified in the provided filing excerpt.
  • Notable footnotes:
    • F1: RSUs granted 2025-04-28 vested on 2026-04-28 (no expiration).
    • F4: RSUs granted 2026-04-24 vest on 2027-04-24 (no expiration).
    • F3: Each RSU represents a contingent right to receive one Series A share.
    • F2: Holdings are reported via ADS/CPO structure (each ADS = 10 CPOs; each CPO represents the economic interest in one Series A share).
  • Timeliness: Form 4 was filed on 2026-04-28 for transactions on 2026-04-24 and 2026-04-28; filing date matches the form’s filing date and there is no indication in the excerpt that the filing was late.

Context

  • These transactions involve RSUs (restricted stock units), which are rights to receive underlying shares when they vest (per footnotes). The 120,850 units that converted on 2026-04-28 appear to have been disposed the same day, per the filing — a pattern that often reflects an immediate sale or transfer following vesting (filing shows $0.00 for price/proceeds, so net cash proceeds are not reported in the excerpt). The 64,200 RSUs granted on 2026-04-24 will not vest until 2027-04-24 and therefore do not represent immediately tradable shares.