Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 120

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 120
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 4.2$655 Outstanding at January 1, 202413,100 $42.76 Exercised(2,275)38.00 Outstanding at December 31, 202410,825 $43.76 3.5$876 Exercisable at December 31, 202410,825 $43.76 3.5$876 Vested or expected to vest at December 31, 202410,825 $43.76 3.5$876 (1)Represents the weighted average contractual remaining life in years.(2)Aggregate intrinsic value represents the total pretax intrinsic value (i.e., the difference between the Company’s stock price at year end and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the year. Options with exercise prices above the year end stock price are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company’s stock.The aggregate intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022, was $179,664, $2.5 million and $6.7 million, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $30,000, $540,000 and $1.8 million for 2024, 2023 and 2022, respectively. Cash received from option exercises under the Plans for the years ended December 31, 2024, 2023 and 2022 was $86,457, $2.2 million and $5.2 million, respectively.

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A summary of the Plans’ restricted share activity for the years ended December 31, 2024, 2023 and 2022 is as follows:  202420232022Restricted SharesCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1746,123 $79.60 610,155 $73.21 476,813 $61.33 Granted407,046 99.89 270,855 88.06 225,680 95.93 Vested and issued(241,415)70.41 (121,534)65