Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 80

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 80
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Value (2)(in thousands)Outstanding at January 1, 202413,100 $42.76 Granted— — Exercised(775)32.26 Forfeited or canceled— — Outstanding at September 30, 202412,325 $43.42 3.7$802 Exercisable at September 30, 202412,325 $43.42 3.7$802 (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 nine months ended September 30, 2025 and September 30, 2024, was approximately $467,000 and $50,000, respectively. Cash received from option exercises under the Plans for the nine months ended September 30, 2025 and September 30, 2024 was approximately $220,000 and $25,000, respectively. 

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Table of Contents

A summary of the Plans’ restricted share activity for the nine months ended September 30, 2025 and September 30, 2024 is presented below:Nine months ended September 30, 2025Nine months ended September 30, 2024Restricted SharesCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1880,866 $90.95 746,123 $79.60 Granted256,762 133.15 405,506 99.78 Vested and issued(218,276)94.41 (238,002)70.14 Forfeited or canceled(24,156)109.48 (17,885)92.77 Outstanding at September 30895,196 $101.71 895,742 $90.99 Vested, but deferred, at September 30101,