Broderick Andrew S. 4
Research Summary
AI-generated summary
Controladora Vuela (VLRS) Director Broderick Exercises and Sells Shares
What Happened
- Director Andrew S. Broderick had previously‑granted RSUs vest and convert into 55,780 ADSs on April 28, 2026; an equal number were reported as disposed/withheld at $0 (tax withholding/cashless settlement). On April 24, 2026 he was granted 29,630 RSUs (reported at $0), which vest on April 24, 2027. No cash purchase or open‑market sale is reported.
Key Details
- Transaction dates and amounts:
- 2026-04-28: Conversion/exercise of derivative for 55,780 shares (reported acquired and disposed entries; disposal price $0.00).
- 2026-04-24: Grant/award of 29,630 RSUs at $0.00 (derivative award).
- Shares owned after transaction: Not specified in the Form 4.
- Footnotes of note:
- The 55,780 conversion stems from RSUs granted Apr 28, 2025 that vested Apr 28, 2026 (F1).
- A new RSU grant of 29,630 was made Apr 24, 2026 and vests Apr 24, 2027 (F4).
- Each RSU represents a contingent right to one Series A share (F3).
- Reported holdings are through American Depositary Shares (ADSs); each ADS represents 10 Certificados de Participacion Ordinarios (CPOs), each CPO representing economic interest in one Series A share (F2).
- Timeliness: Form 4 was filed Apr 28, 2026 and covers transactions from Apr 24–28, 2026; filing appears timely under the 2‑business‑day rule.
- Exhibit: Exhibit 24 (Power of Attorney) attached.
Context
- These entries reflect RSU vesting/conversion and a new RSU grant rather than an open‑market buy or sale. The $0.00 prices and matching acquire/dispose entries typically indicate shares were converted on vesting and a portion (here the reported 55,780) was withheld/surrendered to cover taxes — a routine, non‑market signaling event. The new RSU grant vests next year and represents compensation, not an immediate purchase.