Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 69

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 69
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20255,675 $44.81 3.4$384 Stock OptionsCommonSharesWeightedAverageStrike PriceRemainingContractualTerm (1)IntrinsicValue (2)(in thousands)Outstanding at January 1, 202413,100 $42.76 Granted— — Exercised(775)32.26 Forfeited or canceled— — Outstanding at March 31, 202412,325 $43.42 4.2$751 Exercisable at March 31, 202412,325 $43.42 4.2$751 (1)Represents the remaining weighted average contractual life in years.(2)Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company’s stock price on the last trading day of the quarter 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 quarter. Options with exercise prices above the stock price on the last trading day of the quarter 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 three months ended March 31, 2025 and March 31, 2024, was approximately $467,000 and $50,000, respectively. Cash received from option exercises under the Plans for the three months ended March 31, 2025 and March 31, 2024 was approximately $219,000 and $25,000, respectively. 

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A summary of the Plans’ restricted share activity for the three months ended March 31, 2025 and March 31, 2024 is presented below:Three months ended March 31, 2025Three months ended March 31, 2024Restricted SharesCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1880,866 $90.95 746,123 $79.60 Granted245,654 133.61 305,807 98.92 Vested and issued(192,866)94.94 (219,622)69.25 Forfeited or canceled(7,587)103.76 (3,154)87.01 Outstanding at March