• Four Tree Island, a top-10 shareholder of Willis Lease Finance, urged investors to vote against all proposals at the May 26 annual meeting except the auditor ratification.
• ISS, Glass Lewis recommended votes against director nominee Stephen Jones, citing pay-for-performance misalignment, one-time awards, high base salary, outsized discretionary bonuses, undisclosed goals.
• Glass Lewis also recommended voting against executive compensation, flagging substantial one-off equity grants to Charles Willis.
• Four Tree Island opposed Proposal 2 to triple authorized shares, pointing to a history of dilution, SG&A growth of about 236% over five years, severe underperformance versus FTAI Aviation.
• The investor also criticized a recent 5-year convertible notes deal, estimating about USD 262 million of value impact from the share drop and fees, warning of potential dilution of about 9.3% if converted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Willis Lease Finance Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605181307PRIMZONEFULLFEED9722293) on May 18, 2026, and is solely responsible for the information contained therein.