---
schema_version: "secwatch.filing_event.v1"
accession: "0001018164-25-000041"
form_type: "8-K"
ticker: "WLFC"
cik: "0001018164"
company_name: "WILLIS LEASE FINANCE CORP"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T20:38:58.164712+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Willis Lease cancels 231,000-share option to executive chairman, modifies restricted stock vesting

## Summary
- Canceled a non-qualified stock option for 231,000 shares granted to Charles F. Willis IV on March 19, 2025; no replacement grant.
- Sign-On RS Award of 44,904 shares (target value $8M) changed from fully vested to three-year graded vesting starting March 19, 2025.
- Unvested RS shares accelerate on termination without cause, for good reason, death or disability; forfeited on cause or voluntary resignation.
- Changes approved by Compensation Committee and effective March 31, 2025.

## SEC filing metadata
- accession: 0001018164-25-000041
- form_type: 8-K
- ticker: WLFC
- cik: 0001018164
- company_name: WILLIS LEASE FINANCE CORP
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018164/000101816425000041/0001018164-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018164/000101816425000041/wlfc-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001018164-25-000041
- JSON: https://secwatch.observer/filing/0001018164-25-000041.json
- Plain text: https://secwatch.observer/filing/0001018164-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.