Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 372

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 372
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 Multiple as trustor. The number of shares held
as of December 31, 2024,2023 and 2022 available to be exercised
is 3,388,251 4,781,769 5,945,417

During 2024, certain conditions were not met; therefore, the
executives did not exercise the option to purchase the shares. In accordance with the terms of the plan, Controladora is entitled to receive
the proceeds from the sale of these shares. The number of forfeited shares as of December 31, 2024 was1,393,518.

In April 2023, the Company’s Annual General
Shareholders’ Meeting modified the terms of the BoDIP. Effective as of 2023, certain members of the Board of Directors receive
additional benefits through a stock-based plan, which will be administered by the LTIP Trust and that will be delivered to the
beneficiaries once the established conditions are met. The number of shares held by the trustee as of December 31, 2024 and 2023 was588,205shares and370,860shares, respectively (and they are included as treasury shares). The total cost approved in 2024 and 2023 was US$651(US$460net of withheld taxes) and US$640(US$452net of withheld taxes), respectively.

19. Equity

As of December 31, 2024, the total number of the Company’s
authorized shares was1,165,976,677, represented by common registered shares, issued and with nopar value, fully subscribed and paid,
comprised as follows:

  Schedule of authorized shares                                                                       
                                     Shares                                                           
                                     Fixed Class I                                                    
  Series A shares (1)                                   24,180      1,165,952,497      1,165,976,677  
  Series B shares (1)                                   —                       —                  —  
                                                        24,180      1,165,952,497      1,165,976,677  
  Treasury shares (Note 18)                             —            ( 16,295,299       ( 16,295,299  
                                                        24,180      1,149,657,198      1,149,681,378  

  (1)      During the year ended December 31, 2024, a total of 1,393,518 forfeited shares have been included as