Form 4: Willis Lease Finance Corp: Executive Chairman Charles F. Willis IV Sells Shares
SEC Form 4 Filing
Charles F. Willis IV, Executive Chairman of Willis Lease Finance Corp, sold shares of common stock in multiple transactions between August 23 and August 27, 2024.
Summary
- Charles F. Willis IV, the Executive Chairman of Willis Lease Finance Corp [WLFC], reported the sale of common stock in a series of transactions.
- On August 23, 2024, he sold 397 shares at a weighted average price of $108.0323, 482 shares at $109.11, 2,223 shares at $110.2762, 3,316 shares at $111.0615, and 65 shares at $112.9771.
- On August 26, 2024, he sold 6,027 shares at a weighted average price of $108.9158, 2,170 shares at $109.5605, and 473 shares at $110.6995.
- On August 27, 2024, he sold 638 shares at a weighted average price of $106.2344, 629 shares at $107.7357, 3,712 shares at $108.9045, and 1,187 shares at $109.0969.
- Following these transactions, Willis directly owns 927,214 shares of common stock.
- He also indirectly owns 12,998 shares through his spouse, 2,134,148 shares through CFW Partners, and 584 shares through the Wilder Grace Willis 2016 Trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by an insider. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The information is relevant to investors as it provides insight into the actions of company leadership.
Stakeholder Impact
- Shareholders may interpret the stock sales as a lack of confidence by the Executive Chairman, although this is not necessarily the case and could be due to personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of initial share sale transactions |
| 08/26/2024 | Date of subsequent share sale transactions |
| 08/27/2024 | Date of final share sale transactions reported |
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