Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 200

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 200
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 share repurchases and subsequent purchases;
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·   complying with applicable law in respect of dividend payments; and
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·   maintaining adequate accounting and registration internal control systems and mechanisms.
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B.   Compensation
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Director and Executive Compensation
 In 2022, 2023, and 2024, the senior management positions listed in this annual report received an aggregate compensation for short-term of U.S. $4.9 million, U.S. $5.9 million, and U.S. $6.5 million, respectively as well as long-term of U.S. $4.4 million, U.S. $4.2 million, and U.S. $4.2 million, respectively.
 In 2022, 2023, and 2024 all our senior management positions received an aggregate compensation for short-term benefits of U.S. $11.7 million, U.S. $13.8 million, and U.S. $15.2 million, respectively as well as long-term of U.S. $6.0 million, U.S. $5.7 million, and U.S. $6.5 million, respectively. These amounts were recognized in salaries and benefits in our consolidated statements of operations.
 In 2022, 2023, and 2024, the chairman and the independent members of our board of directors received a net compensation of U.S. $0.6 million, U.S. $0.7 million, and U.S. $0.4 million, respectively, and the rest of the directors received a net compensation of U.S. $0.2 million, U.S. $0.2 million, and U.S. $0.1 million, respectively.
  
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In 2023 and 2024, the amount paid to the chairman and independent members included payment through shares of the Company totaling U.S. $0.3 million and U.S. $0.8 million, respectively.
 Our directors or executive officers are not entitled to any benefits upon termination, except for indemnification payments provided under the Mexican Federal Labor Law (Ley Federal del Trabajo), if any.
 Long-term Retention Plans
 Management Incentive Plan II
 The carrying amount of the liability relating to these SARs as of December 31, 2022, 2023 and 2024 was U.S. $1.6 million, U.S. $1.4 million, and U.S. $0.1 million