{"schema_version":"secwatch.filing_event.v1","accession":"0001018164-25-000034","form_type":"8-K","ticker":"WLFC","cik":"0001018164","company_name":"WILLIS LEASE FINANCE CORP","filed_at":"2025-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.710207+00:00","generated_at":"2026-05-24T11:32:00.260015+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Willis Lease Finance renews Executive Chairman Charles F. Willis IV with $1.27M base salary and $8M equity grant","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001018164-25-000034","json":"https://secwatch.observer/filing/0001018164-25-000034.json","markdown":"https://secwatch.observer/filing/0001018164-25-000034.md","text":"https://secwatch.observer/filing/0001018164-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1018164/000101816425000034/0001018164-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1018164/000101816425000034/wlfc-20250313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T11:32:00.260015+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}