Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 121

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 121
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.90 (68,541)64.49 Forfeited or canceled(30,888)95.26 (13,353)83.68 (23,797)75.84 Outstanding at end of year880,866 $90.95 746,123 $79.60 610,155 $73.21 Vested, but deferred, at year end100,610 $54.46 98,919 $53.58 96,920 $53.08 A summary of the Plans’ performance-based stock award activity, based on the target level of the awards, for the years ended December 31, 2024, 2023 and 2022 is as follows: 202420232022Performance SharesCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1553,026 $79.69 545,379 $70.30 557,255 $62.94 Granted111,469 100.47 189,355 92.36 160,598 97.14 Added by performance factor at vesting96,952 58.78 23,925 62.82 — — Vested and issued(295,644)58.69 (186,344)62.67 — — Forfeited or canceled(11,786)95.97 (19,289)81.84 (172,474)71.52 Outstanding at end of year454,017 $93.57 553,026 $79.69 545,379 $70.30 Vested, but deferred, at year end21,759 $44.51 29,020 $45.88 35,696 $44.38 At December 31, 2024, the maximum number of performance-based shares that could be issued on outstanding awards if performance is attained at the maximum amount was approximately 670,000 shares.The actual tax benefit realized upon the vesting and issuance of restricted shares and performance-based stock is based on the fair value of the shares on the issue date, and the estimated tax benefit of the awards is based on fair value of the awards on the grant date. The actual tax benefit realized upon the vesting and issuance of restricted shares and