Four Tree Island Advisory Highlights Overwhelming Stockholder Rejection of Willis Lease Finance’s Governance and Compensation Practices at 2026 Annual Meeting

About this update from Willis Lease Finance Corporation

Notes that Over 92% of Unaffiliated Stockholders Opposed WLFC’s Executive Compensation and Nearly 84% Opposed Re-Election of Stephen Jones Calls on Stockholders to Continue Opposing Charter Amendment Proposal that would Triple Authorized Share Count at Reconvened Annual Meeting PORTSMOUTH, N.H., June 01, 2026 (GLOBE NEWSWIRE) -- Four Tree Island Advisory LLC (“Four Tree Island Advisory” or “we”), a top-10 stockholder of Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”) based on public information, today commented on the decisive rebuke to the Company’s Board of Directors and management team delivered by stockholders at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). Based on the voting results from the Annual Meeting disclosed by the Company, nearly 84% of unaffiliated stockholders opposed the re-election of director Stephen Jones, demonstrating a profound lack of confidence in the Company’s governance and oversight. Furthermore, over 92% of unaffiliated stockholders voted AGAINST the Company’s executive compensation program, underscoring widespread dissatisfaction with WLFC’s pay practices.1 WLFC also failed to secure sufficient stockholder support for its proposal to triple the Company’s authorized share count. Rather than accept this outcome, the Company adjourned the Annual Meeting and announced its intention to solicit additional votes in an effort to pass the proposal. A subsequent vote has been scheduled for a reconvened Annual Meeting on June 23, 2026. Four Tree Island Advisory believes these results reflect a clear and unambiguous message from minority stockholders: fundamental changes are required at the Company. In our view, stockholders have spoken decisively against entrenched governance practices, excessive compensation and value destructive capital allocation decisions. We believe it is incumbent upon the Board, particularly its independent directors, to respect this mandate rather than attempt to override it through continued solicitation efforts. Four Tree Island Advisory is urging stockholders to continue to vote AGAINST the proposed increase in authorized shares unless and until the Company implements three critical governance and capital discipline measures: Four Tree Island Advisory further calls on the Board – especially those designated as independent – to take immediate action to add...

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