Charles F. Willis IV - Dec 21, 2023 Form 4 Insider Report for WILLIS LEASE FINANCE CORP (WLFC)

Signature
/s/ Charles F. Willis IV
Stock symbol
WLFC
Transactions as of
Dec 21, 2023
Transactions value $
-$51,697
Form type
4
Date filed
12/26/2023, 06:02 PM
Previous filing
Dec 20, 2023
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLFC Common Stock Sale -$20.4K -426 -0.05% $48.00 934K Dec 21, 2023 Direct F1, F2
transaction WLFC Common Stock Sale -$10.8K -226 -0.02% $47.85 934K Dec 22, 2023 Direct F1, F3
transaction WLFC Common Stock Sale -$2.95K -61 -0.01% $48.32 934K Dec 22, 2023 Direct F1, F4
transaction WLFC Common Stock Sale -$17.5K -368 -0.04% $47.52 934K Dec 26, 2023 Direct F1, F5
holding WLFC Common Stock 11.5K Dec 21, 2023 Spouse F6
holding WLFC Common Stock 2.13M Dec 21, 2023 CFW Partners
holding WLFC Common Stock 584 Dec 21, 2023 Granddaughter F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 6, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $47.26 to $48.24, inclusive. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) of this Form 4.
F3 This transaction was executed in multiple trades at prices ranging from $47.28 to $48.25, inclusive. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) of this Form 4.
F4 This transaction was executed in multiple trades at prices ranging from $48.28 to $48.50, inclusive. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) of this Form 4.
F5 This transaction was executed in multiple trades at prices ranging from $47.09 to $47.97, inclusive. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range set forth in footnote (5) of this Form 4.
F6 Charlotte Montressor Willis.
F7 Wilder Grace Willis 2016 Trust.