Four Tree Island urges WLFC shareholders to oppose all proposals except auditor ratification over $52.1M exec pay.

Four Tree Island Advisory LLC, a major shareholder of Willis Lease Finance Corporation (WLFC), has called on fellow shareholders to vote against all proposals at the upcoming 2026 Annual Meeting except the ratification of the independent auditor. The advisory firm criticizes the $52.1 million compensation awarded to Executive Chairman Charles Willis in 2025, deeming it excessive compared to much larger and better-performing companies. They argue this pay level is unjustifiable given WLFC's small size and poor stock performance, urging shareholders to hold the board accountable for governance and capital allocation decisions. The vote outcome, especially on a proposed share capital increase and stock split, hinges on minority shareholder opposition, highlighting concerns over dilution and executive compensation.