Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 78

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 78
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 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 six months ended June 30, 2025 and June 30, 2024, was approximately $467,000 and $50,000, respectively. Cash received from option exercises under the Plans for the six months ended June 30, 2025 and June 30, 2024 was approximately $220,000 and $25,000, respectively. 

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A summary of the Plans’ restricted share activity for the six months ended June 30, 2025 and June 30, 2024 is presented below:Six months ended June 30, 2025Six months ended June 30, 2024Restricted SharesCommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1880,866 $90.95 746,123 $79.60 Granted254,059 133.14 389,198 99.50 Vested and issued(201,993)94.27 (228,719)69.54 Forfeited or canceled(17,703)106.93 (7,893)91.47 Outstanding at June 30915,229 $101.62 898,709 $90.68 Vested, but deferred, at June 30101,426 $55.02 99,844 $53.98 A summary of the Plans’ performance-based stock award activity, based on the target level of the awards, for the six months ended June 30, 2025 and June 30, 2024 is presented below:Six months ended June 30, 2025Six months ended June 30, 2024Performance-based Stock CommonSharesWeightedAverageGrant-DateFair ValueCommonSharesWeightedAverageGrant-DateFair ValueOutstanding at January 1454,017 $93.57 553,026 $79.69 Granted87,844 134.58 96,952 58.78 Added by performance factor at vesting75,461 96.51 111,304 100.44 Vested and issued(230,957)95.26 (295,644)58.69 Forfeited or canceled(7,376