Form 4: Willis Lease Finance Corp: CEO Austin Chandler Reports Gift of Shares to Trusts
SEC Form 4 Filing
CEO Austin Chandler reports gifting shares of Willis Lease Finance Corp to various trusts for family members.
Summary
- On December 26, 2024, Austin Chandler Willis, CEO of Willis Lease Finance Corp, reported gifting shares of common stock to several trusts.
- He gifted 85 shares to the Rooster A. Willis 2019 Trust and another 85 shares to the Wilder Grace Willis 2019 Trust.
- Following these transactions, Willis directly owns 160,612 shares and indirectly owns shares through various trusts, including the Austin C. Willis 2019 Irrevocable Trust (2,654 shares), CFW V 2016 Trust (8,692 shares), 2019 Willis Family Trust (232,715 shares), and CFW Partners (405,488 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding share transfers, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The gifting of shares to family trusts may have implications for estate planning and wealth transfer for the reporting person.
Key Dates
| Date | Description |
|---|---|
| 12/26/2024 | Date of the share gifting transactions. |
| 12/30/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.