Willis Lease Finance Management

Management criteria checks 3/4

Willis Lease Finance's CEO is Austin Willis, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is $6.48M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 3.29% of the company’s shares, worth $45.02M. The average tenure of the management team and the board of directors is 5.5 years and 4.3 years respectively.

Key information

Austin Willis

Chief executive officer

US$6.5m

Total compensation

CEO salary percentage	10.8%
CEO tenure	2.6yrs
CEO ownership	3.3%
Management average tenure	5.5yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

Willis Finance Lease: Significant Upside Potential From Rate Hikes And Aviation Market Recovery

Jul 31

Willis Lease Finance reports Q1 results

May 04

Willis Lease to raise $336.7M in fixed rate notes offering

Apr 30

Willis Lease Finance reports Q3 results

Nov 02

CEO Compensation Analysis

How has Austin Willis's remuneration changed compared to Willis Lease Finance's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$95m
Jun 30 2024	n/a	n/a	US$85m
Mar 31 2024	n/a	n/a	US$57m
Dec 31 2023	US$6m	US$697k	US$40m
Sep 30 2023	n/a	n/a	US$44m
Jun 30 2023	n/a	n/a	US$36m
Mar 31 2023	n/a	n/a	US$28m
Dec 31 2022	US$2m	US$581k	US$2m
Sep 30 2022	n/a	n/a	-US$10m
Jun 30 2022	n/a	n/a	-US$14m
Mar 31 2022	n/a	n/a	-US$20m
Dec 31 2021	US$1m	US$375k	US$18k
Sep 30 2021	n/a	n/a	-US$5m
Jun 30 2021	n/a	n/a	-US$5m
Mar 31 2021	n/a	n/a	US$796k
Dec 31 2020	US$1m	US$264k	US$6m
Sep 30 2020	n/a	n/a	US$14m
Jun 30 2020	n/a	n/a	US$35m
Mar 31 2020	n/a	n/a	US$47m
Dec 31 2019	n/a	n/a	US$64m
Sep 30 2019	n/a	n/a	US$77m
Jun 30 2019	n/a	n/a	US$62m
Mar 31 2019	n/a	n/a	US$54m
Dec 31 2018	US$1m	US$330k	US$40m
Sep 30 2018	n/a	n/a	US$64m
Jun 30 2018	n/a	n/a	US$61m
Mar 31 2018	n/a	n/a	US$59m
Dec 31 2017	US$437k	US$263k	US$60m

Compensation vs Market: Austin's total compensation ($USD6.48M) is about average for companies of similar size in the US market ($USD5.43M).

Compensation vs Earnings: Austin's compensation has increased by more than 20% in the past year.

CEO

Austin Willis (43 yo)

2.6yrs

Tenure

US$6,484,783

Compensation

Mr. Austin Chandler Willis is the Founder of J.T. Power LLC. and serves as its Chief Executive Officer.He has been a Director of Willis Lease Finance Corporation since December 16, 2008 and has been its C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Willis	Founder & Executive Chairman	39.8yrs	US$10.78m	13.4% $ 183.4m
Austin Willis	CEO & Director	2.6yrs	US$6.48m	3.29% $ 45.0m
Brian Hole	President	8.6yrs	US$4.47m	1.23% $ 16.8m
Scott Flaherty	Executive VP & CFO	8.4yrs	US$1.95m	1.14% $ 15.5m
Marc Pierpoint	Senior VP and Head of Trading & Investments	no data	no data	no data
Garry Failler	Senior VP & Chief Technical Officer	no data	no data	no data
Dean Poulakidas	Executive VP	11.6yrs	US$1.43m	2.22% $ 30.3m
Amy Ruddock	Senior Vice President of Sustainable Aviation & Corporate Development	less than a year	no data	no data
Lynn McMillan	VP & Head of Global Human Resources	no data	no data	no data
Dan Coulcher	Senior VP and Chief Commercial Officer of Europe	no data	no data	no data
Craig Welsh	Senior VP and Chief Commercial Officer of Americas & Asia	no data	no data	no data
Caroline Vandedrinck	Senior Vice President of Materials & Services	less than a year	no data	no data

5.5yrs

Average Tenure

55yo

Average Age

Experienced Management: WLFC's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Willis	Founder & Executive Chairman	39.8yrs	US$10.78m	13.4% $ 183.4m
Austin Willis	CEO & Director	15.9yrs	US$6.48m	3.29% $ 45.0m
Colm Barrington	Independent Director	less than a year	no data	0.12% $ 1.7m
Brendan Curran	Independent Director	less than a year	no data	0.076% $ 1.0m
Rae McKeating	Independent Director	4.3yrs	US$270.29k	0.25% $ 3.4m

4.3yrs

Average Tenure

71yo

Average Age

Experienced Board: WLFC's board of directors are considered experienced (4.3 years average tenure).

Willis Lease Finance Management

Management criteria checks 3/4

Key information

Recent management updates

Willis Lease Finance Corporation Appoints Z. Clifton Dameron as Senior Vice President

Willis Lease Finance Corporation Appoints Amy Ruddock as Senior Vice President, Sustainable Aviation & Corporate Development

Willis Lease Finance Corporation Appoints Caroline M. Vandedrinck, as Its New Senior Vice President

Executive VP & CFO notifies of intention to sell stock

Executive VP & CFO recently sold US$354k worth of stock

Executive VP & CFO notifies of intention to sell stock

Recent updates

Willis Lease Finance Corporation Appoints Z. Clifton Dameron as Senior Vice President

Willis Lease Finance Corporation Announces Quarterly Dividend, Payable on November 21, 2024

Willis Lease Finance Corporation to Report Q3, 2024 Results on Nov 04, 2024

Willis Lease Finance's Liquidation Value Is >$200

Willis Lease Finance Corporation Appoints Amy Ruddock as Senior Vice President, Sustainable Aviation & Corporate Development

Willis Lease Finance Corporation Declares First Regular Quarterly Dividend, Payable on August 21, 2024

Is Willis Lease Finance Underperforming?

Willis Lease Finance Corporation Appoints Caroline M. Vandedrinck, as Its New Senior Vice President

Willis Lease Finance Corporation Declares Cash Dividend, Payable on June 7, 2024

Willis Lease Finance Corporation Declares One-Time Special Dividend, Payable on June 7, 2024

Executive VP & CFO notifies of intention to sell stock

Executive VP & CFO recently sold US$354k worth of stock

Executive VP & CFO notifies of intention to sell stock

First quarter 2024 earnings released: EPS: US$3.13 (vs US$0.58 in 1Q 2023)

Willis Lease Finance Corporation, Annual General Meeting, May 22, 2024

Executive VP & CFO recently sold US$126k worth of stock

Executive VP & CFO notifies of intention to sell stock

Willis Lease Finance: Upside Remains On Book Value

Full year 2023 earnings released: EPS: US$6.40 (vs US$0.35 in FY 2022)

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Willis Lease Finance Corporation Announces Board Changes

President recently sold US$79k worth of stock

President notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Founder & Executive Chairman recently sold US$129k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Third quarter 2023 earnings released: EPS: US$2.17 (vs US$0.91 in 3Q 2022)

President notifies of intention to sell stock

Independent Director recently sold US$76k worth of stock

Independent Director notifies of intention to sell stock

Founder & Executive Chairman recently sold US$119k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Second quarter 2023 earnings released: EPS: US$2.04 (vs US$0.83 in 2Q 2022)

Insufficient new directors

Willis Lease Finance Corporation, Annual General Meeting, Jul 25, 2023

Founder & Executive Chairman recently sold US$210k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman recently sold US$238k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Executive VP & CFO recently sold US$55k worth of stock

President recently sold US$52k worth of stock

President notifies of intention to sell stock

First quarter 2023 earnings released: EPS: US$0.58 (vs US$3.70 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.35 (vs US$0.003 in FY 2021)

CFW Partners, L.P, Mitsui & Co., Ltd. (TSE:8031), Fuyo General Lease Co., Ltd. (TSE:8424) and JA Mitsui Leasing, Ltd. submitted a non-binding proposal to acquire remaining 2.1% stake in Willis Lease Finance Corporation (NasdaqGM:WLFC) for $29.3 million.

Third quarter 2022 earnings released: EPS: US$0.91 (vs US$0.33 in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$0.12 loss in 2Q 2021)

Willis Finance Lease: Significant Upside Potential From Rate Hikes And Aviation Market Recovery

Willis Lease Finance Corporation(NasdaqGM:WLFC) dropped from Russell 2000 Dynamic Index

President notifies of intention to sell stock

President recently sold US$196k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Willis Lease Finance Corporation Announces Impairment Charges for the First Quarter Ended March 31, 2022

Willis Lease Finance Corporation, Annual General Meeting, May 25, 2022

Senior VP & CFO recently sold US$298k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Willis Lease Finance Corporation Appoints Charles F. Willis as Executive Chairman

CFW Partners, L.P, Charles F. Willis IV and Austin C. Willis cancelled the acquisition of the remaining 2.62% stake in Willis Lease Finance Corporation (NasdaqGM:WLFC).

Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.76 profit in 2Q 2020)

CFW Partners Delivers Letter to Willis Lease

First quarter 2021 earnings released: US$0.36 loss per share (vs US$0.59 profit in 1Q 2020)

Willis Lease Finance reports Q1 results

Willis Lease to raise $336.7M in fixed rate notes offering

Investor sentiment improved over the past week

President recently sold US$408k worth of stock

Full year 2020 earnings released: EPS US$1.07 (vs US$10.90 in FY 2019)