Willis Lease Finance renews Executive Chairman Charles F. Willis IV with $1.27M base salary and $8M equity grant

WILLIS LEASE FINANCE CORP

New 5-year employment agreement; base salary $1,269,000 retroactive to Jan 1, 2025; target annual bonus 150% of base.
Sign-On Restricted Stock Award of $8M (38k-55k shares) fully vested on March 19, 2025.
Option Award for 231,000 shares vesting in three equal annual installments, 5-year term, exercise price at FMV on grant date.
Severance on without-cause/good reason termination: 3x base salary + 3x avg bonus + immediate equity vesting + 3 years benefits.
Change-in-control definition expanded to include unapproved majority board composition change.

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