Charles F. Willis IV - 03 Apr 2023 Form 4 Insider Report for WILLIS LEASE FINANCE CORP (WLFC)

Signature
/s/ Charles F. Willis IV
Issuer symbol
WLFC
Transactions as of
03 Apr 2023
Net transactions value
+$3,528,779
Form type
4
Filing time
04 Apr 2023, 19:35:04 UTC
Previous filing
14 Nov 2022
Next filing
31 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLFC Common Stock Award $2,256,000 +40,000 +4.3% $56.40 968,276 03 Apr 2023 Direct F1
transaction WLFC Common Stock Award $3,384,000 +60,000 +6.2% $56.40 1,028,276 03 Apr 2023 Direct F2
transaction WLFC Common Stock Tax liability $2,111,221 -37,433 -3.6% $56.40 990,843 03 Apr 2023 Direct F3
holding WLFC Common Stock 2,134,148 03 Apr 2023 CFW Partners
holding WLFC Common Stock 10,698 03 Apr 2023 Spouse F4
holding WLFC Common Stock 584 03 Apr 2023 Granddaughte r F5
* 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 Restrictive Stock Grant vesting over three years.
F2 Performance Stock Grant vesting over one year.
F3 Return to issuer of previously restricted shares to satisfy withholding tax liability.
F4 Charlotte Montressor Willis
F5 Wilder Grace Willis 2016 Trust