Scott B. Flaherty, Executive Vice President and Chief Financial Officer of Willis Lease Finance Corp (NASDAQ:WLFC), recently sold 10,000 shares of the company's common stock. The transactions, executed on November 8, 2024, were completed at a weighted average price of $204.02 per share, bringing the total sale to approximately $2.04 million. Following this sale, Flaherty holds 79,955 shares directly. The transaction was executed in multiple trades with prices ranging from $196.00 to $230.53, as noted in the filing.
In other recent news, Willis Lease Finance Corporation has executed a new employment agreement with its President, Brian R. Hole, solidifying his leadership position. The agreement sets Hole's annual base salary at $663,706 with a target annual bonus opportunity at 85% of his base salary, among other benefits. The contract also includes various scenarios regarding termination of employment, detailing compensation and benefits due to Hole under different conditions.
In parallel developments, 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 recognized Willis's significant contributions to the company's strong financial performance in the first and second quarters of 2024. The company's Compensation Committee made this decision after evaluating the company's record pre-tax income during these quarters and consulting with an independent compensation advisor.
These are the latest developments in Willis Lease Finance Corporation's executive leadership and compensation strategies, reflecting the company's commitment to aligning executive compensation with shareholder interests and overall company performance.
InvestingPro Insights
The recent stock sale by Willis Lease Finance Corp's CFO Scott B. Flaherty comes at a time when the company's stock has shown remarkable performance. According to InvestingPro data, WLFC has experienced a significant 387.02% price total return over the past year, with a particularly strong 233.74% return in the last six months alone. This impressive growth trajectory aligns with one of the InvestingPro Tips, which highlights WLFC's "Strong return over the last month" and "Large price uptick over the last six months."
Despite the recent insider sale, WLFC's financial metrics suggest a robust underlying business. The company boasts a revenue growth of 35.45% over the last twelve months as of Q3 2024, with an even more impressive 37.8% quarterly revenue growth. This strong top-line performance is complemented by a healthy gross profit margin of 95.02% and an operating income margin of 42.66%, indicating efficient operations.
It's worth noting that WLFC is trading at a P/E ratio of 13.66, which InvestingPro Tips suggest is "low relative to near-term earnings growth." This could indicate potential undervaluation, especially considering the company's strong financial performance and market returns.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips for WLFC, providing deeper insights into the company's financial health and market position.
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