Fernandez Fernandez Jose Luis 4
4 · Controladora Vuela Compania de Aviacion, S.A.B. de C.V. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Controladora Vuela (VLRS) Director Jose Luis Fernandez Exercises RSUs
What Happened
Jose Luis Fernandez, a director of Controladora Vuela (VLRS), reported the conversion/vesting of 253,203 restricted stock units (RSUs) into common shares on April 28, 2026 (reported as an exercise/conversion of a derivative, code M). The filing also shows two simultaneous dispositions on April 28, 2026 of 146,742 and 106,461 shares (combined 253,203 shares) reported at $0.00. Separately, the filing records two RSU grants on April 24, 2026 totaling 135,019 RSUs (78,208 and 56,811) reported at $0.00 (code A).
Key Details
- Transaction dates and amounts:
- 2026-04-28: Exercise/conversion (M) — 253,203 shares acquired (price N/A in filing).
- 2026-04-28: Exercise/conversion (M) — 146,742 shares disposed at $0.00.
- 2026-04-28: Exercise/conversion (M) — 106,461 shares disposed at $0.00.
- 2026-04-24: Grants (A) — 78,208 RSUs @ $0.00 (derivative).
- 2026-04-24: Grants (A) — 56,811 RSUs @ $0.00 (derivative).
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes (from the filing):
- F1: RSUs granted on 2025-04-28 vested on 2026-04-28; RSUs have no expiration.
- F2: Each RSU represents a contingent right to receive one Series A share.
- F3: RSUs granted on 2026-04-24 vest on 2027-04-24; RSUs have no expiration.
- Timeliness: Filing date 2026-04-28; transactions occurred 2026-04-24 and 2026-04-28 — the report appears timely based on the filing date and reported transaction dates.
Context
- These are derivative/award transactions (RSUs). An award (code A) at $0.00 indicates grant of RSUs rather than a market purchase. An exercise/conversion (code M) indicates vested RSUs converted into actual shares.
- The filing shows acquisitions and equal disposals on the same date. Filings often show immediate dispositions after vesting for tax withholding or cashless settlement, but the Form 4 here does not explicitly state the reason.
- For retail investors: RSU grants are compensation-based and do not necessarily indicate the director is adding personal capital to the stock; conversions followed by disposals are common administrative actions after vesting.
Insider Transaction Report
- Exercise/Conversion
Series A shares of common stock
[F1][F2]2026-04-28+253,203→ 446,927 total - Award
Restricted Securities Units (Annual Fee)
[F2][F3]2026-04-24+78,208→ 78,208 total→ Series A shares of common stock (78,208 underlying) - Award
Restricted Securities Units (BoDIP)
[F2][F3]2026-04-24+56,811→ 56,811 total→ Series A shares of common stock (56,811 underlying) - Exercise/Conversion
Restricted Securities Units (Annual Fee)
[F2][F1]2026-04-28−146,742→ 0 total→ Series A shares of common stock (146,742 underlying) - Exercise/Conversion
Restricted Securities Units (BoDIP)
[F2][F1]2026-04-28−106,461→ 0 total→ Series A shares of common stock (106,461 underlying)
Footnotes (3)
- [F1]The Restricted Securities Units ("RSUs") were granted on April 28, 2025 and vest on April 28, 2026. The RSUs have no expiration date.
- [F2]Each RSU represents a contingent right to receive on Series A share of common stock.
- [F3]The RSUs were granted on April 24, 2026 and will vest on April 24, 2027. The RSUs have no expiration date.