Scott B. Flaherty, the Executive Vice President and Chief Financial Officer of Willis Lease Finance Corp (NASDAQ:WLFC), recently sold 5,000 shares of the company's common stock. The transaction, executed on November 12, totaled approximately $1,000,950, with shares sold at a weighted average price of $200.19. The sale was carried out in multiple trades at prices ranging from $195.78 to $209.78. Following the transaction, Flaherty holds 74,955 shares of the company.
In other recent news, Willis Lease Finance Corporation has made significant moves in its executive leadership. The company has extended the contract of its President, Brian R. Hole, solidifying his leadership position. The new contract includes an annual base salary of $663,706, a target annual bonus opportunity at 85% of his base salary, and an immediate grant of 11,066 shares of restricted stock, among other benefits.
In addition to the contract extension, Willis Lease Finance Corporation has also awarded its Founder and Executive Chairman, Charles F. Willis, a one-time grant of fully vested restricted stock units valued at $3 million. This award is in recognition of Willis's significant contributions to the company's strong financial performance in the first and second quarters of 2024.
These recent developments reflect the company's commitment to aligning executive compensation with shareholder interests and overall company performance. The decisions were made by the company's Compensation Committee, consisting entirely of independent directors, and were based on the company's record pre-tax income during the first and second quarters of 2024. The Committee also took into account market data and advice from an independent compensation advisor.
InvestingPro Insights
The recent stock sale by Willis Lease Finance Corp's CFO Scott B. Flaherty comes at a time when the company's shares have shown remarkable performance. According to InvestingPro data, WLFC has experienced a staggering 350.03% price total return over the past year, with a particularly strong 220.02% return in the last six months. This impressive rally aligns with an InvestingPro Tip highlighting the company's "large price uptick over the last six months."
Despite the recent insider sale, WLFC's financial metrics remain robust. The company boasts a revenue of $520.43 million for the last twelve months as of Q3 2023, with a notable revenue growth of 35.45% over the same period. This growth is complemented by a healthy gross profit margin of 95.02%, indicating strong operational efficiency.
An InvestingPro Tip suggests that WLFC is "trading at a low P/E ratio relative to near-term earnings growth," which could signal potential undervaluation despite the recent price surge. The company's P/E ratio stands at 13.84, which is relatively modest considering its growth trajectory.
Investors seeking more comprehensive analysis can access additional InvestingPro Tips, with 8 more insights available on the platform to guide investment decisions in WLFC.
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