Form 4: Wintrust Financial Corp Director Acquires Shares as Part of Deferred Fee Plan
SEC Form 4
Elizabeth H. Connelly, a director at Wintrust Financial Corp, acquired 544 shares of common stock on September 30, 2024, as part of the Director's Deferred Fee and Stock Plan.
Summary
- On September 30, 2024, Elizabeth H. Connelly, a director of Wintrust Financial Corp, acquired 544 shares of the company's common stock.
- The acquisition was made under the Director's Deferred Fee and Stock Plan, which was approved by shareholders.
- The price per share was $98.56.
- Following the transaction, Connelly directly owns 5,702 shares of Wintrust Financial Corp.
- The transaction was reported on October 2, 2024.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director acquiring shares under a pre-existing plan is generally a good sign, indicating confidence in the company, but it's a routine transaction.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future prospects.
- The Director's Deferred Fee and Stock Plan aligns the interests of directors with those of shareholders.
Industry Context
This filing is a routine disclosure of a director's stock acquisition, which is a common practice in publicly traded companies to align the interests of management and shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Director Elizabeth H. Connelly acquired 544 shares of Wintrust Financial Corp common stock. |
| 10/02/2024 | Date of report filing. |
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