Willis Lease Finance Sets CEO Austin Willis Base Salary at $1 Million with 125% Bonus Target

Reuters12-10

Willis Lease Finance Sets CEO Austin Willis Base Salary at $1 Million with 125% Bonus Target

Willis Lease Finance Corporation has approved an amended and restated employment agreement for CEO Austin Willis, setting his annual base salary at $1,000,000 and establishing a target annual bonus opportunity of 125% of his base salary. The agreement also includes additional perquisites related to private aircraft usage and updates the definition of "Change in Control" to address scenarios where Charles Willis, Austin Willis, and their affiliates are no longer the company's largest stockholders or when there are certain changes in the Board's composition. Additionally, the company approved a second amendment to Charles F. Willis, IV's employment agreement, similarly updating the "Change in Control" definition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Willis Lease Finance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001018164-25-000143), on December 09, 2025, and is solely responsible for the information contained therein.

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