Company: WTFCN
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001104659-25-031671
Chunk: 87

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 87
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 for the remaining months of his initial term. (3) All time-vesting restricted stock unit awards will immediately vest in the event of a death, permanent disability, constructive termination, or a qualifying termination following a change in control. Time-vesting restricted stock unit awards vest pro-rata upon retirement. In the event of death, permanent disability, or retirement, the 2022, 2023 and 2024 performance-based restricted stock unit awards will vest on a pro-rata basis based on performance over the full performance period. For this analysis, performance has been assumed at target for the 2023 and 2024 awards. For the 2022 performance-based restricted stock unit awards, the amount represents the actual payout, since the performance period was completed on December 31, 2024 and the performance achieved during the period was known. In the event of a qualifying termination following a change in control, the 2023 and 2024 performance-based restricted stock unit awards will vest in full based on the greater of actual performance through the date of termination or target. Messrs. Wehmer, Crane, Dykstra, Murphy and Stoehr had met the retirement-eligibility requirements under each of the foregoing equity awards as of December 31, 2024. Therefore, any constructive termination or termination without cause incurred by Messrs. Wehmer, Crane, Dykstra, Murphy and Stoehr was treated as a retirement for purposes of quantifying their disclosed benefits. (4) We have assumed benefit continuation for Mr. Dykstra through the age of 65, the time at which he will be eligible for Medicare. As of December 31, 2024, Messrs. Wehmer and Murphy were eligible for Medicare and, thus, would not receive benefit continuation. We have assumed benefit continuation for 18 months in the event termination in connection with a change in control, termination without cause or constructive termination for Mr. Crane per current COBRA guidelines. We have assumed benefit continuation for Mr. Stoehr through the age of 65, the time at which he will be eligible for Medicare, in the event of termination in connection with a change in control, termination without cause or constructive termination. We have assumed benefit continuation for 36 months in the event of permanent disability for Messrs. Crane and Stoehr. (5) For Messrs. Wehmer, Crane, Dykstra, Murphy and Stoehr, in the event of termination in connection with death, the amount of