Scott B. Flaherty - 02 Jan 2025 Form 4 Insider Report for WILLIS LEASE FINANCE CORP (WLFC)

Role: EVP, CFO
Signature: /s/Scott B. Flaherty
Issuer symbol: WLFC
Transactions as of: 02 Jan 2025
Transactions value $: $2,211,590
Form type: 4
Filing time: 06 Jan 2025, 10:31:35 UTC
Previous filing: 14 Nov 2024
Next filing: 03 Feb 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	$885K	+4.15K	+5.2%	$212.96	84.1K	02 Jan 2025	Direct	F1

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	$1.33M	+6.23K		$212.96	6.23K	02 Jan 2025	Common Stock	6.23K		Direct	F2

* 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	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.

Content

Restrictive Stock Grant vesting over three years.

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.