Form 4: Wintrust Financial Corp Executive Richard B. Murphy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard B. Murphy, Vice Chair and Chief Lending Officer of Wintrust Financial Corp, reports a disposition of shares to cover tax obligations and updates to his holdings.
Summary
- On February 28, 2024, Richard B. Murphy, Vice Chair and Chief Lending Officer of Wintrust Financial Corp, reported a transaction involving the company's common stock.
- Murphy disposed of 2,997 shares of common stock at a price of $97.37 per share to cover tax obligations related to the company's 2015 Stock Incentive Plan.
- Following the transaction, Murphy directly owns 46,820 shares of Wintrust Financial Corp.
- Murphy also indirectly owns 3,672 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment. It reflects standard compensation practices and regulatory compliance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Disposition of shares. |
| 03/01/2024 | Date of signature on the report. |
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