Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 77

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 77
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2,179,000 shares were available for future grants, assuming the maximum number of shares are issued for the performance awards outstanding, approved under the Company Stock Incentive Plans (“the Plans”). Descriptions of the Plans are included in Note (18) “Stock Compensation Plans and Other Employee Benefit Plans” of the 2024 Form 10-K.Stock-based compensation expense recognized in the Consolidated Statements of Income was $10.2 million in the second quarter of 2025 and $9.0 million in the second quarter of 2024, and $20.6 million and $18.1 million in the six months ended June 30, 2025 and 2024, respectively.A summary of the Plans’ stock option activity for the six months ended June 30, 2025 and June 30, 2024 is presented below:Stock OptionsCommonSharesWeightedAverageStrike PriceRemainingContractualTerm (1)IntrinsicValue (2)(in thousands)Outstanding at January 1, 202510,825 $43.76 Granted— — Exercised(5,150)42.61 Forfeited or canceled— — Outstanding at June 30, 20255,675 $44.81 3.2$449 Exercisable at June 30, 20255,675 $44.81 3.2$449 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 June 30, 202412,325 $43.42 4.0$680 Exercisable at June 30, 202412,325 $43.42 4.0$680 (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