Willis Lease Finance Grants Executive Chairman Charles Willis 300,000-Share Stock Option Award

Reuters11-15
Willis Lease Finance Grants Executive Chairman Charles Willis 300,000-Share Stock Option Award

Willis Lease Finance Corporation has approved a new compensation arrangement for Executive Chairman Charles F. Willis IV. The company's Compensation Committee granted Mr. Willis a non-qualified stock option to purchase up to 300,000 shares of common stock. The options will vest in four equal annual installments over four years, beginning on November 10, 2025. The exercise price will be set at the higher of the fair market value on the grant date or the five-day average volume weighted fair market value from November 10 through November 14, 2025. The options have a six-year term and, in the event of Mr. Willis's death, disability, resignation for Good Reason, or termination without Cause, will remain exercisable for up to two years following his departure or until the end of the option term, whichever is shorter.

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