Willis Austin Chandler, the Chief Executive Officer of Willis Lease Finance Corp (NASDAQ:WLFC), recently sold a significant portion of his holdings in the company. According to a recent filing, Chandler sold a total of 3,450 shares of common stock on December 6, 2024, with prices ranging from $196.71 to $204.64 per share. This transaction amounted to a total value of approximately $691,103. The sale comes amid a remarkable year for WLFC, which has seen its stock surge over 327% year-to-date, according to InvestingPro data.
Following these sales, Chandler now directly owns 161,082 shares of Willis Lease Finance Corp, representing a significant stake in the $1.37 billion market cap company. The transactions were executed under a pre-established trading plan, as noted in the filing, which allows insiders to sell a predetermined number of shares at a specified time.
The sale is part of routine financial management by Chandler, who remains a significant shareholder in the company. Investors often monitor such transactions to gauge insider sentiment and potential future performance of the stock. Currently trading at a P/E ratio of 14.19 and maintaining a "Good" financial health score despite operating with significant debt, WLFC presents an interesting case for investors. For deeper insights into WLFC's valuation and 8 additional key investment tips, visit InvestingPro.
In other recent news, Willis Lease Finance Corporation has extended the contract of its President, Brian R. Hole. The new employment agreement confirms Hole's leadership role and outlines his annual base salary of $663,706, along with a target annual bonus opportunity at 85% of this base salary. The agreement also includes an immediate grant of 11,066 shares of restricted stock and various other benefits.
In another development, Willis Lease Finance Corporation has awarded its Founder and Executive Chairman, Charles F. Willis, a one-time grant of fully vested restricted stock units valued at $3 million. This decision was made in recognition of Willis's significant contributions to the company's strong financial performance in the first and second quarters of 2024.
These are recent developments that underline Willis Lease Finance Corporation's commitment to aligning executive compensation with shareholder interests and overall company performance. The company's Compensation Committee, consisting entirely of independent directors, made these decisions after evaluating the company's record pre-tax income during these quarters and consulting with an independent compensation advisor.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.