Form 4: Wintrust Financial Corp Director Wehmer Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Edward J. Wehmer, a Director and Founder/Senior Advisor at Wintrust Financial Corp, acquired 351 shares of common stock through dividend reinvestment on August 22, 2024.
Summary
- On August 22, 2024, Edward J. Wehmer, a Director and Founder/Senior Advisor at Wintrust Financial Corp, acquired 351 shares of common stock.
- The acquisition was a result of dividends awarded in shares pursuant to previously granted restricted stock units.
- The price per share was $102.85.
- Following the transaction, Wehmer directly owns 174,537 shares of common stock and 2,099 shares of Series E Preferred Stock.
- Wehmer also indirectly owns 8,158 shares of common stock through a 401(k) plan and 30,987 shares of common stock and 2,626 shares of Series E Preferred Stock through his spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction (dividend reinvestment) by a company insider. It doesn't indicate any significant positive or negative outlook for the company.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the director's continued investment in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Acquisition of 351 shares of common stock through dividend reinvestment. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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