Form 4: Wintrust Financial Corp: Executive Chairman Wehmer Reports Stock Disposals
SEC Form 4 Filing
Edward J. Wehmer, Executive Chairman of Wintrust Financial Corp, reports the disposal of 16,235 shares of common stock to cover tax obligations.
Summary
- On February 28, 2024, Edward J. Wehmer, the Founder and Executive Chairman of Wintrust Financial Corp, disposed of 16,235 shares of common stock.
- The transaction was executed to cover tax obligations related to the Company's 2015 Stock Incentive Plan.
- The price per share was $97.37.
- Following the transaction, Wehmer directly owns 186,624 shares of common stock.
- Wehmer also indirectly owns 8,158 shares through a 401(k) plan and 30,987 shares through his spouse.
- Additionally, he directly owns 1,489 Depositary Shares of Series E Preferred Stock and indirectly owns 2,039 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used by investors to gauge sentiment of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction |
| 03/01/2024 | Date of signature on the report |
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