Willis Lease executes 3-for-1 stock split, triples authorized shares to 60M common

Willis Lease Finance filed a certificate amendment with Delaware on July 17, 2026, executing a three-for-one forward stock split effective at 4:05 p.m. Eastern Time that day. Each existing share of common stock automatically converted into three shares, tripling the outstanding share count while proportionally reducing the per-share price.

The company simultaneously increased its authorized common shares from 20 million to 60 million and preferred shares from 5 million to 15 million. The authorized share increase serves two purposes: it accommodates the immediate tripling of shares from the split, and it provides additional capacity for future equity issuance.

The filing does not disclose specific plans for the incremental authorization beyond the split requirement. For existing shareholders, the split is economically neutral—total ownership value remains unchanged, distributed across three times as many shares at one-third the prior price. The increased authorization warrants monitoring for subsequent equity raises that could dilute existing holders.