Charles F. Willis IV - Jan 2, 2025 Form 4 Insider Report for WILLIS LEASE FINANCE CORP (WLFC)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Charles F. Willis IV
Stock symbol: WLFC
Transactions as of: Jan 2, 2025
Transactions value $: $7,134,160
Form type: 4
Date filed: 1/6/2025, 04:29 PM
Previous filing: Nov 13, 2024
Next filing: Mar 31, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLFC	Common Stock	Award	$2.85M	+13.4K	+1.54%	$212.96	885K	Jan 2, 2025	Direct	F1
holding	WLFC	Common Stock						12.3K	Jan 2, 2025	Spouse	F2
holding	WLFC	Common Stock						2.13M	Jan 2, 2025	CFW Partners
holding	WLFC	Common Stock						584	Jan 2, 2025	Granddaughter	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WLFC	Performance-based Restricted Stock Award	Award	$4.28M	+20.1K		$212.96	20.1K	Jan 2, 2025	Common Stock	20.1K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restrictive Stock Grant vesting over three years.
F2	Charlotte Montressor Willis.
F3	Wilder Grace Willis 2016 Trust.
F4	Grant of performance-based restricted stock award ("PSA") subject to performance-based and time-based vesting over two years. Performance-based vesting criteria include a combination of profitability of the Issuer's services businesses, growth of the Issuer's leasing portfolio and the viability of the Issuer's Sustainable Aviation Fuel initiative. Each PSA represents a contingent right to receive one share of the Issuer's common stock to the extent the performance-based criteria is met. Reported amount assumes 100% performance-based vesting, but actual number of PSAs earned may be 25% more or less than the reported amount, depending on the extent to which the performance-based vesting criteria are met or not met.