Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Other EventsItem 8.01 Other Events
Company Rule 10b5-1 Trading Plan
CEO Share Buyback
On December 8, 2016, in a transaction approved by a Special Committee of the Board of Directors, the Company purchased 40,000 shares of its common stock directly from the Company’s Chief Executive Officer, Charles F. Willis. The purchase price was $24.95 per share, the closing price of the Company’s common stock as of December 8, 2016 of $25.46 less a 2% discount.
About Willis Lease Finance Corporation (NASDAQ:WLFC)
Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. Its lease portfolio consists of approximately 200 engines and related equipment, 10 aircrafts and five spare engine parts packages. The Company’s business activities also include equipment leasing and spare parts sales. Willis Lease Finance Corporation (NASDAQ:WLFC) Recent Trading Information
Willis Lease Finance Corporation (NASDAQ:WLFC) closed its last trading session down -0.51 at 25.13 with 11,004 shares trading hands.