secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS LEASE FINANCE CORP (WLFC)
CIK:        0001018164
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001018164-25-000041
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018164/000101816425000041/0001018164-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018164/000101816425000041/wlfc-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001018164-25-000041

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