Rae Ann McKeating, a director at Willis Lease Finance Corp (NASDAQ:WLFC), recently sold shares of the company in two separate transactions. On November 18, McKeating sold 500 shares at a price of $194.32 each. The following day, she sold an additional 250 shares at $186.71 per share. These transactions amounted to a total value of $143,837. After these sales, McKeating holds 16,250 shares directly.
In other recent news, Willis Lease Finance Corporation has executed a new employment agreement with its President, Brian R. Hole, ensuring his continued leadership. The contract, approved by the company's Compensation Committee and ratified by the Board of Directors, sets Hole's annual base salary at $663,706 with a target annual bonus opportunity at 85% of his base salary. The agreement also includes an immediate grant of 11,066 shares of restricted stock among other benefits.
In addition to this, the company has awarded its Founder and Executive Chairman, Charles F. Willis, a special one-time grant of fully vested restricted stock units valued at $3 million. This decision, made by the Compensation Committee, was in recognition of Willis's significant contributions to the company's strong financial performance in the first and second quarters of 2024.
These are among the recent developments at Willis Lease Finance Corporation. The company's commitment to aligning executive compensation with shareholder interests and overall company performance is evident in these decisions. The agreements also provide provisions for various scenarios, including changes in company control, detailing compensation and benefits due to the executives.
InvestingPro Insights
The recent insider sale by director Rae Ann McKeating at Willis Lease Finance Corp (NASDAQ:WLFC) comes at a time when the company's stock has shown remarkable performance. According to InvestingPro data, WLFC has experienced a staggering 308.66% price total return over the past year, with a particularly strong 193.75% return in the last six months alone. This exceptional growth is reflected in the company's current market capitalization of $1.26 billion.
Despite the recent insider sale, WLFC's financial metrics paint a picture of a company with solid fundamentals. The company boasts a robust revenue growth of 35.45% over the last twelve months, with an impressive gross profit margin of 95.02%. These figures suggest that WLFC's core business remains strong, which may explain why the stock is trading at 81.17% of its 52-week high, even after the recent insider transactions.
InvestingPro Tips highlight that WLFC is trading at a low P/E ratio relative to its near-term earnings growth, with a current P/E ratio of 13.17. This could indicate that the stock may still be undervalued despite its recent price surge. Additionally, WLFC's liquid assets exceed its short-term obligations, suggesting a healthy financial position.
For investors seeking more comprehensive analysis, InvestingPro offers 7 additional tips for WLFC, providing a deeper understanding of the company's financial health and market position. These insights could be particularly valuable given the stock's recent performance and the insider selling activity.
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