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| |
Board of Directors
|
| | |
Nominating
and Corporate Governance Committee |
| | |
Audit
Committee |
| | |
Compensation
Committee |
| | |
Risk
Management Committee |
| | |
Finance
Committee |
| | |
Information
Technology/ Information Security Committee |
| | |
Executive
Committee |
| |
| |
Elizabeth H. Connelly
|
| | | | | | | | | | |
Chair
|
| | |
Member
|
| | | | | | | | | | | | | |
| |
Timothy S. Crane
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Member
|
| |
| |
Peter D. Crist
|
| | |
Chair
|
| | | | | | |
Member
|
| | | | | | |
Member*
|
| | | | | | |
Member
|
| |
| |
William J. Doyle
|
| | |
Member
|
| | | | | | | | | | | | | | |
Member
|
| | | | | | | | | |
| |
Marla F. Glabe
|
| | | | | | |
Member
|
| | | | | | | | | | | | | | |
Member
|
| | | | | |
| |
H. Patrick Hackett, Jr. (Chair)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Chair
|
| |
| |
Scott K. Heitmann
|
| | | | | | | | | | | | | | |
Chair
|
| | | | | | |
Member
|
| | |
Member
|
| |
| |
Brian A. Kenney
|
| | | | | | | | | | | | | | |
Member
|
| | | | | | |
Member
|
| | | | | |
| |
Deborah L. Hall Lefevre
|
| | |
Member
|
| | | | | | | | | | | | | | | | | | |
Chair
|
| | |
Member
|
| |
| |
Suzet M. McKinney
|
| | | | | | | | | | |
Member
|
| | |
Member
|
| | | | | | | | | | | | | |
| |
Gary D. “Joe” Sweeney
|
| | | | | | |
Member
|
| | | | | | | | | | | | | | |
Member
|
| | | | | |
| |
Karin Gustafson Teglia
|
| | | | | | |
Chair
|
| | |
Member
|
| | | | | | | | | | | | | | |
Member
|
| |
| |
Alex E. Washington, III
|
| | | | | | | | | | | | | | | | | | |
Chair
|
| | |
Member
|
| | |
Member
|
| |
| |
Edward J. Wehmer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Member
|
| |
| |
(a)
Name |
| | |
(b)
Fees Earned or Paid in Cash ($)(1) |
| | |
(c)
Stock Awards ($) |
| | |
(d)
Option Awards ($) |
| | |
(e)
Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| | |
(f)
All Other Compensation ($)(2) |
| | |
(g)
Total ($) |
| | ||||||||||||||||||
| | Elizabeth H. Connelly(3) | | | | | | 113,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 420 | | | | | | | 113,920 | | | |
| | Peter D. Crist | | | | | | 188,800 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 92,853 | | | | | | | 281,653 | | | |
| | Bruce K. Crowther(4) | | | | | | 188,800 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 57,450 | | | | | | | 246,250 | | | |
| | William J. Doyle | | | | | | 162,100 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 14,851 | | | | | | | 176,951 | | | |
| | Marla F. Glabe | | | | | | 160,200 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 13,317 | | | | | | | 173,517 | | | |
| | H. Patrick Hackett, Jr. | | | | | | 213,600 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,024 | | | | | | | 217,624 | | | |
| | Scott K. Heitmann | | | | | | 184,600 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 43,536 | | | | | | | 228,136 | | | |
| | Deborah L. Hall Lefevre | | | | | | 175,200 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 10,391 | | | | | | | 185,591 | | | |
| | Suzet M. McKinney | | | | | | 157,900 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,000 | | | | | | | 163,900 | | | |
| | Gary D. “Joe” Sweeney | | | | | | 161,900 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,300 | | | | | | | 174,200 | | | |
| | Karin Gustafson Teglia | | | | | | 186,900 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 23,388 | | | | | | | 210,288 | | | |
| | Alex E. Washington, III | | | | | | 185,400 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 18,292 | | | | | | | 203,692 | | | |
| |
Name
|
| | |
Fees Earned in
Common Stock ($) |
| | |||
| | Elizabeth H. Connelly | | | | | | 113,500 | | | |
| | Peter D. Crist | | | | | | 188,800 | | | |
| | Bruce K. Crowther | | | | | | 165,000 | | | |
| | William J. Doyle | | | | | | 162,100 | | | |
| | Marla F. Glabe | | | | | | 160,200 | | | |
| | Scott K. Heitmann | | | | | | 66,000 | | | |
| | Deborah L. Hall Lefevre | | | | | | 175,200 | | | |
| | Karin Gustafson Teglia | | | | | | 186,900 | | | |
| | Alex E. Washington, III | | | | | | 185,400 | | | |
| | | | | |
Amount of
Common Stock Beneficially Owned(1) |
| | |
Total
Percentage Beneficial Ownership(1) |
| | |
Other Ownership
|
| | ||||||||||||||||||||||||||||||
| | | | | |
Restricted
Stock Units(2) |
| | |
Deferred
Shares(3) |
| | |
Total
Ownership(4) |
| | |
Total
Percentage Ownership(4) |
| | ||||||||||||||||||||||||||
| | Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Elizabeth H. Connelly | | | | | | — | | | | | | | * | | | | | | | — | | | | | | | 1,353 | | | | | | | 1,353 | | | | | | | * | | | |
| | Timothy S. Crane** | | | | | | 24,898 | | | | | | | * | | | | | | | 18,156 | | | | | | | — | | | | | | | 43,054 | | | | | | | * | | | |
| | Peter D. Crist | | | | | | — | | | | | | | * | | | | | | | — | | | | | | | 63,861 | | | | | | | 63,861 | | | | | | | * | | | |
| | William J. Doyle | | | | | | 131 | | | | | | | * | | | | | | | — | | | | | | | 12,224 | | | | | | | 12,355 | | | | | | | * | | | |
| | Marla F. Glabe | | | | | | 17,269 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | 17,269 | | | | | | | * | | | |
| | H. Patrick Hackett, Jr. | | | | | | 44,184 | | | | | | | * | | | | | | | — | | | | | | | 2,989 | | | | | | | 47,173 | | | | | | | * | | | |
| | Scott K. Heitmann | | | | | | 9,827 | | | | | | | * | | | | | | | — | | | | | | | 13,517 | | | | | | | 23,344 | | | | | | | * | | | |
| | Brian A. Kenney | | | | | | 6,600 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | 6,600 | | | | | | | * | | | |
| | Deborah L. Hall Lefevre | | | | | | — | | | | | | | * | | | | | | | — | | | | | | | 9,035 | | | | | | | 9,035 | | | | | | | * | | | |
| | Suzet M. McKinney | | | | | | — | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Gary D. “Joe” Sweeney | | | | | | 7,223 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | 7,223 | | | | | | | * | | | |
| | Karin Gustafson Teglia | | | | | | 2,634 | | | | | | | * | | | | | | | — | | | | | | | 9,971 | | | | | | | 12,605 | | | | | | | * | | | |
| | Alex E. Washington, III | | | | | | 5,617 | | | | | | | * | | | | | | | — | | | | | | | 7,313 | | | | | | | 12,930 | | | | | | | * | | | |
| | Edward J. Wehmer** | | | | | | 113,967 | | | | | | | * | | | | | | | 85,161 | | | | | | | 35,852 | | | | | | | 234,980 | | | | | | | * | | | |
| | Named Executive Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | David A. Dykstra | | | | | | 154,167 | | | | | | | * | | | | | | | 54,747 | | | | | | | — | | | | | | | 208,914 | | | | | | | * | | | |
| | Richard B. Murphy | | | | | | 33,288 | | | | | | | * | | | | | | | 11,048 | | | | | | | — | | | | | | | 44,336 | | | | | | | * | | | |
| | David L. Stoehr | | | | | | 6,537 | | | | | | | * | | | | | | | 8,191 | | | | | | | — | | | | | | | 14,728 | | | | | | | * | | | |
| |
Total Existing Directors & Executive Officers (21 persons)
|
| | | | | 497,877 | | | | | | | * | | | | | | | 193,966 | | | | | | | 156,115 | | | | | | | 847,958 | | | | | | | * | | | |
| | Significant Shareholders | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | BlackRock, Inc.(5) | | | | | | 6,086,926 | | | | | | | 10.0% | | | | | | | — | | | | | | | — | | | | | | | 6,086,926 | | | | | | | 10.0% | | | |
| | The Vanguard Group, Inc.(6) | | | | | | 6,082,882 | | | | | | | 10.01% | | | | | | | — | | | | | | | — | | | | | | | 6,082,882 | | | | | | | 10.01% | | | |
| | FMR, LLC(7) | | | | | | 3,605,112 | | | | | | | 5.932% | | | | | | | — | | | | | | | — | | | | | | | 3,605,112 | | | | | | | 5.932% | | | |
| |
Name
|
| | |
Age At
Annual Meeting |
| | |
Director
Since |
| | |
Committees
|
| | |
Subsidiaries/Divisions
|
| |
| |
Elizabeth H. Connelly
|
| | |
58
|
| | |
2022
|
| | |
Compensation
Risk Management
|
| | | — | | |
| |
Timothy S. Crane
|
| | |
61
|
| | |
2023
|
| | | Executive | | | | Shared officer of each subsidiary | | |
| |
Peter D. Crist
|
| | |
71
|
| | |
1996
|
| | |
Compensation
Finance
Nominating (Chair)
Executive
|
| | | Hinsdale Bank | | |
| |
William J. Doyle
|
| | |
72
|
| | |
2017
|
| | |
Finance
Nominating
|
| | | — | | |
| |
Marla F. Glabe
|
| | |
69
|
| | |
2015
|
| | |
Audit
IT/IS
|
| | |
Great Lakes Advisors
Wintrust Investments
The Chicago Trust Company
FIRST Insurance Funding
Wintrust Life Finance
|
| |
| |
H. Patrick Hackett, Jr., Chairman of the Board
|
| | |
71
|
| | |
2008
|
| | | Executive (Chair) | | | |
Wintrust Bank
(Advisory Director)
|
| |
| |
Scott K. Heitmann
|
| | |
74
|
| | |
2008
|
| | |
IT/IS
Risk Management (Chair)
Executive
|
| | |
Great Lakes Advisors
Wintrust Investments
The Chicago Trust Company
Wintrust Bank
|
| |
| |
Brian A. Kenney
|
| | |
63
|
| | |
2023
|
| | |
IT/IS
Risk Management
|
| | | — | | |
| |
Deborah L. Hall Lefevre
|
| | |
55
|
| | |
2019
|
| | |
IT/IS (Chair)
Nominating
Executive
|
| | | — | | |
| |
Suzet M. McKinney
|
| | |
50
|
| | |
2021
|
| | |
Compensation
Risk Management
|
| | |
Great Lakes Advisors
Wintrust Investments
The Chicago Trust Company
|
| |
| |
Name
|
| | |
Age At
Annual Meeting |
| | |
Director
Since |
| | |
Committees
|
| | |
Subsidiaries/Divisions
|
| |
| |
Gary D. “Joe” Sweeney
|
| | |
65
|
| | |
2015
|
| | |
Audit
IT/IS
|
| | | Town Bank | | |
| |
Karin Gustafson Teglia
|
| | |
55
|
| | |
2019
|
| | |
Audit (Chair)
Compensation
Executive
|
| | | Hinsdale Bank | | |
| |
Alex E. Washington, III
|
| | |
49
|
| | |
2020
|
| | |
Finance (Chair)
IT/IS
Executive
|
| | | Wintrust Bank | | |
| |
Edward J. Wehmer
|
| | |
69
|
| | |
1996
|
| | | Executive | | | | Shared officer of each subsidiary | | |
| |
Board Diversity Matrix As of April 6, 2023
|
| | ||||||||
| | Total Number of Directors: | | | |
14
|
| | | | | |
| | Part I: Gender Identity: | | | |
Female
|
| | |
Male
|
| |
| |
Directors
|
| | |
5
|
| | |
9
|
| |
| | Part II: Demographic Background: | | | | | | | | | | |
| |
African American or Black
|
| | |
1
|
| | |
1
|
| |
| |
White
|
| | |
4
|
| | |
8
|
| |
| |
Named Executive Officer
|
| | |
Title/Role
|
| |
| |
Edward J. Wehmer*
|
| | | Founder and Chief Executive Officer | | |
| |
David A. Dykstra
|
| | | Vice Chairman, Chief Operating Officer | | |
| |
Richard B. Murphy
|
| | | Vice Chairman, Chief Lending Officer | | |
| |
Timothy S. Crane*
|
| | | President | | |
| |
David L. Stoehr
|
| | |
Executive Vice President and Chief Financial Officer
|
| |
| |
What We Do
|
| | |
What We Don’t Do
|
| |
| |
☑
We Pay for Performance: The majority of executive pay is not guaranteed. Our CEO and NEOs on average have approximately 76% and 65%, respectively, of their target total compensation tied to Company performance through achievement of performance goals or our common stock price.
|
| | |
☒
No Hedging or Short Selling: Our NEOs are prohibited from engaging in short selling of our Common Stock or engaging in hedging or offsetting transactions regarding our Common Stock.
|
| |
| |
☑
We Align Our Long-Term Incentives With Performance: The significant majority of our long-term incentive awards are performance-oriented.
|
| | |
☒
No Pledging: Our NEOs are prohibited from pledging our securities.
|
| |
| |
☑
We Set Stretch Goals: Our performance hurdles are designed to require stretch individual and Company performance along with superior returns in order to receive commensurate payout.
|
| | |
☒
No Excessive Expenditures or Perquisites: We have adopted a policy designed to prevent any excessive or luxury expenditures and maintain modest perquisites.
|
| |
| |
☑
We Have a Clawback Policy: In the event of a material negative restatement of our financial statements, we can claw back any payments made which were predicated on achieving certain financial results.
|
| | |
☒
No Undue Risk: We discourage excessive risk taking by having a balanced portfolio of short- and long-term incentive performance measures and a cap on final payouts.
|
| |
| |
☑
We Require Stock Ownership: We have robust stock ownership guidelines. Our CEO is required to hold Common Stock with a value equal to a multiple of six times base salary. Our other NEOs are required to hold between one and three times base salary.
|
| | |
☒
No Repricing Underwater Options: Our stock incentive plan does not permit repricing or the exchange of underwater stock options without shareholder approval.
|
| |
| |
☑
We Utilize Independent Compensation Expertise: The Committee has retained Meridian, an independent compensation consultant, to advise on the executive compensation program and practices, including annual assessments of the Company’s peer group.
|
| | |
☒
No CIC Payment Absent a Double Trigger: Payments under our employment agreements and our long-term incentive programs require two events for vesting in connection with a change in control — both a change in control and a qualifying termination of employment.
|
| |
| |
National Holding Company Peer Group*
|
| | ||||||||
| | BankUnited, Inc. | | | | First Citizens BancShares, Inc. | | | | Valley National Bancorp | | |
| | BOK Financial Corporation | | | | First Horizon Corporation | | | | Webster Financial Corporation | | |
| | CIT Group Inc. | | | | Hancock Whitney Corporation | | | |
Western Alliance Bancorporation
|
| |
| | Comerica Incorporated | | | | People’s United Financial, Inc. | | | | Zions Bancorporation, N.A. | | |
| | Cullen/Frost Bankers, Inc. | | | | Synovus Financial Corp. | | | | | | |
| | F.N.B. Corporation | | | | Texas Capital Bancshares, Inc. | | | | | | |
| |
Midwestern Holding Company Peer Group
|
| | ||||||||
| | Associated Banc-Corp | | | | First Midwest Bancorp, Inc. | | | | | | |
| | Commerce Bancshares, Inc. | | | | UMB Financial Corporation | | | | | | |
| |
Element
|
| | |
Key Characteristics
|
| | |
Why We Pay this
Element |
| | |
How We
Determine the Amount |
| | |
2022 Decisions
|
| |
| |
Base Salary
|
| | | Fixed compensation component payable in cash. Reviewed annually and adjusted when appropriate. | | | | Provide a base level of competitive cash compensation for executive talent. | | | | Experience, job scope, market data, and individual performance. | | | | Base salary increases were approved for the NEOs in 2022, ranging between 0.0% and 7.0%. | | |
| |
Annual Short-Term Incentive
|
| | | Variable compensation component payable in cash or stock. Performance is 75% allocated to financial measures and 25% allocated to individual performance goals. Payment is capped at 150% of target. | | | | Motivate and reward executives for performance on key operational, financial and individual objectives met during the course of the performance year. | | | | Market practices and individual performance with actual payouts based on the extent to which performance goals are achieved. | | | | Annual 2022 short-term incentive payouts ranged from 119.0% to 124.9% of target, based on a combination of Company and individual performance. | | |
| |
Element
|
| | |
Key Characteristics
|
| | |
Why We Pay this
Element |
| | |
How We
Determine the Amount |
| | |
2022 Decisions
|
| |
| |
Long-Term Incentives
|
| | | Variable compensation component payable in performance-based restricted stock units and time-vested restricted stock units. Payments of performance-based awards are capped at 150% of target. | | | |
Align long-term interests of management and shareholders.
Retain executive talent.
|
| | | Market practices and performance, with performance-based cash (for awards granted prior to 2021) and restricted stock unit payouts based on performance. | | | |
The 2022 LTIP consisted of a mix of awards (60% performance based restricted stock units and 40% time-based restricted stock units). Vesting of the performance-based awards are determined after the 3-year performance period (2022-2024), with half of performance-based shares vesting based upon Adjusted EPS (as defined below) (30% of LTIP award) and half based upon relative total shareholder return (30% of LTIP award).
For a discussion of performance results and Committee decisions relative to the 2020-2022 LTIP performance period, please see “2022 LTIP Target and Grants” on page 46.
|
| |
| |
Perquisites and Other Personal Benefits
|
| | | Compensation component to provide basic competitive benefits. | | | | Provide a base level of competitive compensation for executive talent. | | | | Periodic assessment of competitive offerings. | | | | Private aviation usage allowance was approved for the CEO, with perquisites and other benefits ranging from approximately 2% to 3% of the total 2022 target compensation for each NEO. | | |
| |
Named Executive Officer
|
| | |
2021 Base Salary
|
| | |
2022 Base Salary
|
| | ||||||
| |
Edward J. Wehmer
|
| | | | $ | 1,175,000 | | | | | | $ | 1,175,000 | | | |
| |
David A. Dykstra
|
| | | | $ | 820,000 | | | | | | $ | 830,000 | | | |
| |
Richard B. Murphy
|
| | | | $ | 620,000 | | | | | | $ | 630,000 | | | |
| |
Timothy S. Crane
|
| | | | $ | 570,000 | | | | | | $ | 610,000 | | | |
| |
David L. Stoehr
|
| | | | $ | 500,000 | | | | | | $ | 520,000 | | | |
| |
Named Executive Officer
|
| | |
Target
(% of Base Salary) |
| | |||
| |
Edward J. Wehmer
|
| | | | | 125% | | | |
| |
David A. Dykstra
|
| | | | | 80% | | | |
| |
Richard B. Murphy
|
| | | | | 80% | | | |
| |
Timothy S. Crane
|
| | | | | 80% | | | |
| |
David L. Stoehr
|
| | | | | 70% | | | |
| |
Named Executive Officer
|
| | |
2022
Base Salary |
| | |
2022 Total
Short-Term Incentive Percentage at Target |
| | |
Percentage
Allocated to Company Performance |
| | |
Percentage
Allocated to Individual Objectives |
| | ||||||||||||
| |
Edward J. Wehmer
|
| | | | $ | 1,175,000 | | | | | | | 125% | | | | | | | 93.75% | | | | | | | 31.25% | | | |
| |
David A. Dykstra
|
| | | | $ | 830,000 | | | | | | | 80% | | | | | | | 60.00% | | | | | | | 20.00% | | | |
| |
Richard B. Murphy
|
| | | | $ | 630,000 | | | | | | | 80% | | | | | | | 60.00% | | | | | | | 20.00% | | | |
| |
Timothy S. Crane
|
| | | | $ | 610,000 | | | | | | | 80% | | | | | | | 60.00% | | | | | | | 20.00% | | | |
| |
David L. Stoehr
|
| | | | $ | 520,000 | | | | | | | 70% | | | | | | | 52.50% | | | | | | | 17.50% | | | |
| |
Wintrust 2022 Consolidated Pre-Tax Net Income
|
| | |
Performance Measurement of Company-
Level Annual Short-Term Incentive Award |
| |
| |
Greater than $613.8 million
|
| | |
High
|
| |
| |
$533.7 million
|
| | |
Target
|
| |
| |
$480.4 million to $533.7 million
|
| | |
Low
|
| |
| |
$373.6 million to $480.4 million
|
| | |
Threshold
|
| |
| |
Named Executive Officer
|
| | |
Total Annual Short-Term
Incentive at Target |
| | |
Total Annual Short-Term
Incentive Paid |
| | |
% Annual Short-Term
Incentive Paid vs. Target |
| | |||||||||
| |
Edward J. Wehmer
|
| | | | $ | 1,468,750 | | | | | | $ | 1,835,000 | | | | | | | 124.9% | | | |
| |
David A. Dykstra
|
| | | | $ | 664,000 | | | | | | $ | 800,000 | | | | | | | 120.5% | | | |
| |
Richard B. Murphy
|
| | | | $ | 504,000 | | | | | | $ | 600,000 | | | | | | | 119.0% | | | |
| |
Timothy S. Crane
|
| | | | $ | 488,000 | | | | | | $ | 600,000 | | | | | | | 123.0% | | | |
| |
David L. Stoehr
|
| | | | $ | 364,000 | | | | | | $ | 434,000 | | | | | | | 119.2% | | | |
| |
Award Vehicle Mix
|
| | |
% of Award
|
| | |||
| |
Performance-Based Restricted Stock Units
|
| | | | | 60% | | | |
| |
Time-Based Restricted Stock Units
|
| | | | | 40% | | | |
| |
Named Executive Officer
|
| | |
Target Percentage of Base Salary
|
| | |||
| |
Edward J. Wehmer
|
| | | | | 245% | | | |
| |
David A. Dykstra
|
| | | | | 125% | | | |
| |
Richard B. Murphy
|
| | | | | 125% | | | |
| |
Timothy S. Crane
|
| | | | | 125% | | | |
| |
David L. Stoehr
|
| | | | | 115% | | | |
| |
Named Executive Officer
|
| | |
Number of shares:
Maximum Performance |
| | |
Number of shares:
Target Performance |
| | |
Number of shares:
Threshold Performance |
| | |||||||||
| |
Edward J. Wehmer
|
| | | | | 26,625 | | | | | | | 17,750 | | | | | | | 8,875 | | | |
| |
David A. Dykstra
|
| | | | | 9,480 | | | | | | | 6,320 | | | | | | | 3,160 | | | |
| |
Richard B. Murphy
|
| | | | | 7,167 | | | | | | | 4,778 | | | | | | | 2,389 | | | |
| |
Timothy S. Crane
|
| | | | | 6,588 | | | | | | | 4,392 | | | | | | | 2,196 | | | |
| |
David L. Stoehr
|
| | | | | 5,316 | | | | | | | 3,544 | | | | | | | 1,772 | | | |
| |
Named Executive Officer
|
| | |
Number of
Time-Based shares: |
| | |||
| |
Edward J. Wehmer
|
| | | | | 11,834 | | | |
| |
David A. Dykstra
|
| | | | | 4,213 | | | |
| |
Richard B. Murphy
|
| | | | | 3,186 | | | |
| |
Timothy S. Crane
|
| | | | | 2,929 | | | |
| |
David L. Stoehr
|
| | | | | 2,363 | | | |
| | | | | |
Cumulative Adjusted
EPS over 3 year Performance Period |
| | |
Payout % of
Target Award |
| | ||||||
| |
Maximum
|
| | | | $ | 23.69 | | | | | | | 150% | | | |
| |
Target
|
| | | | $ | 21.59 | | | | | | | 100% | | | |
| |
Threshold
|
| | | | $ | 19.61 | | | | | | | 50% | | | |
| |
<Threshold
|
| | | | <$ | 19.61 | | | | | | | 0% | | | |
| |
Named Executive Officer
|
| | |
Cash Payment
|
| | |
Value of Performance
Based Restricted Stock Unit Settlement(1) |
| | |
Total Value Delivered
|
| | |||||||||
| |
Edward J. Wehmer
|
| | | | $ | 1,454,750 | | | | | | $ | 2,061,841 | | | | | | $ | 3,516,591 | | | |
| |
David A. Dykstra
|
| | | | $ | 395,887 | | | | | | $ | 561,090 | | | | | | $ | 956,977 | | | |
| |
Richard B. Murphy
|
| | | | $ | 293,250 | | | | | | $ | 415,548 | | | | | | $ | 708,798 | | | |
| |
Timothy S. Crane
|
| | | | $ | 239,487 | | | | | | $ | 339,416 | | | | | | $ | 578,903 | | | |
| |
David L. Stoehr
|
| | | | $ | 211,312 | | | | | | $ | 299,532 | | | | | | $ | 510,844 | | | |
| |
Title
|
| | |
Guideline
|
| |
| |
Chief Executive Officer
|
| | |
6 times base salary
|
| |
| |
Vice Chairman, Chief Operating Officer, Vice Chairman, Chief Lending Officer, and President
|
| | |
3 times base salary
|
| |
| |
Other Named Executive Officers
|
| | |
1 times base salary
|
| |
| |
Name and Principal Position (a)
|
| | |
Year
(b) |
| | |
Salary
($) (c) |
| | |
Bonus
($)(1) (d) |
| | |
Stock Awards
($)(2) (e) |
| | |
Option
Awards ($) (f) |
| | |
Non-Equity
Incentive Plan Compensation ($)(3) (g) |
| | |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) (h) |
| | |
All Other
Compensation ($)(4) (i) |
| | |
Total
($) (j) |
| | |||||||||||||||||||||||||||
| |
Edward J. Wehmer
Founder & Chief Executive Officer |
| | | | | 2022 | | | | | | | 1,175,000 | | | | | | | 1,835,000 | | | | | | | 2,878,750 | | | | | | | — | | | | | | | 1,454,750 | | | | | | | — | | | | | | | 198,589 | | | | | | | 7,542,089 | | | |
| | | 2021 | | | | | | | 1,172,596 | | | | | | | 3,382,462 | | | | | | | 2,530,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 55,254 | | | | | | | 7,140,312 | | | | |||||
| | | 2020 | | | | | | | 1,150,000 | | | | | | | 3,237,825 | | | | | | | 1,265,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 49,423 | | | | | | | 5,702,248 | | | | |||||
| |
David A. Dykstra
Vice Chairman, Chief Operating Officer |
| | | | | 2022 | | | | | | | 829,000 | | | | | | | 800,000 | | | | | | | 1,025,000 | | | | | | | — | | | | | | | 395,887 | | | | | | | — | | | | | | | 48,168 | | | | | | | 3,098,055 | | | |
| | | 2021 | | | | | | | 819,039 | | | | | | | 1,210,160 | | | | | | | 688,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 45,646 | | | | | | | 2,763,345 | | | | |||||
| | | 2020 | | | | | | | 810,000 | | | | | | | 1,054,050 | | | | | | | 344,250 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 42,720 | | | | | | | 2,251,020 | | | | |||||
| |
Richard B. Murphy
Vice Chairman, Chief Lending Officer |
| | | | | 2022 | | | | | | | 629,000 | | | | | | | 600,000 | | | | | | | 775,000 | | | | | | | — | | | | | | | 293,250 | | | | | | | — | | | | | | | 52,844 | | | | | | | 2,350,094 | | | |
| | | 2021 | | | | | | | 619,039 | | | | | | | 884,285 | | | | | | | 518,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 39,025 | | | | | | | 2,060,849 | | | | |||||
| | | 2020 | | | | | | | 609,038 | | | | | | | 782,725 | | | | | | | 255,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 36,043 | | | | | | | 1,682,806 | | | | |||||
| |
Timothy S. Crane,
President |
| | | | | 2022 | | | | | | | 606,000 | | | | | | | 600,000 | | | | | | | 712,500 | | | | | | | — | | | | | | | 239,487 | | | | | | | — | | | | | | | 28,547 | | | | | | | 2,186,534 | | | |
| | | 2021 | | | | | | | 568,077 | | | | | | | 836,333 | | | | | | | 467,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 25,200 | | | | | | | 1,897,110 | | | | |||||
| | | 2020 | | | | | | | 544,231 | | | | | | | 683,075 | | | | | | | 208,250 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 24,749 | | | | | | | 1,460,305 | | | | |||||
| |
David L. Stoehr
Executive Vice President & Chief Financial Officer |
| | | | | 2022 | | | | | | | 518,000 | | | | | | | 434,000 | | | | | | | 575,000 | | | | | | | — | | | | | | | 211,312 | | | | | | | — | | | | | | | 28,674 | | | | | | | 1,766,986 | | | |
| | | 2021 | | | | | | | 499,519 | | | | | | | 643,813 | | | | | | | 371,250 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 29,237 | | | | | | | 1,543,819 | | | | |||||
| | | 2020 | | | | | | | 494,519 | | | | | | | 587,250 | | | | | | | 183,750 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 29,147 | | | | | | | 1,294,666 | | | |
| |
Named Executive Officer
|
| | |
Private
Aviation Usage ($) |
| | |
Company-
Sponsored Award Trip ($) |
| | |
Corporate
Automobile Usage ($) |
| | |
Club
Memberships Not Exclusively For Business Use ($) |
| | |
Life
Insurance Premiums ($) |
| | |
401(k) Plan
Matching Contribution ($) |
| | |
Total
($) |
| | |||||||||||||||||||||
| |
Edward J. Wehmer
|
| | | | | 153,560 | | | | | | | — | | | | | | | 6,699 | | | | | | | 10,772 | | | | | | | 22,558 | | | | | | | 5,000 | | | | | | | 198,589 | | | |
| |
David A. Dykstra
|
| | | | | — | | | | | | | — | | | | | | | 31,204 | | | | | | | — | | | | | | | 11,964 | | | | | | | 5,000 | | | | | | | 48,168 | | | |
| |
Richard B. Murphy
|
| | | | | — | | | | | | | 21,055 | | | | | | | 8,120 | | | | | | | 6,460 | | | | | | | 12,209 | | | | | | | 5,000 | | | | | | | 52,844 | | | |
| |
Timothy S. Crane
|
| | | | | — | | | | | | | — | | | | | | | 12,000 | | | | | | | 2,438 | | | | | | | 9,109 | | | | | | | 5,000 | | | | | | | 28,547 | | | |
| |
David L. Stoehr
|
| | | | | — | | | | | | | — | | | | | | | 12,000 | | | | | | | — | | | | | | | 11,674 | | | | | | | 5,000 | | | | | | | 28,674 | | | |
| | | | | | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards |
| | |
Estimated Future Payouts
Under Equity Incentive Plan Awards(1) |
| | |
All Other
Stock Awards: Number of Shares of Stock or Units(2) (#) (i) |
| | |
All Other
Option Awards: Number of Securities Underlying Options (#) (j) |
| | |
Exercise
or Base Price of Option Awards ($/Sh) (k) |
| | |
Grant Date
Fair Value of Stock and Option Awards(3) ($/Sh) (l) |
| | ||||||||||||||||||||||||||||||||||||||||||||||
| |
Name (a)
|
| | |
Grant
Date (b) |
| | |
Threshold
($) (c) |
| | |
Target
($) (d) |
| | |
Maximum
($) (e) |
| | |
Threshold
(#) (f) |
| | |
Target
(#) (g) |
| | |
Maximum
(#) (h) |
| | |||||||||||||||||||||||||||||||||||||||||||||||||
| |
Edward J. Wehmer
|
| | | |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 11,834 | | | | | | | — | | | | | | | — | | | | | | | 1,151,500 | | | |
| |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 8,875 | | | | | | | 17,750 | | | | | | | 26,625 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,727,250 | | | | |||||
| |
David A. Dykstra
|
| | | |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,213 | | | | | | | — | | | | | | | — | | | | | | | 410,000 | | | |
| |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,160 | | | | | | | 6,320 | | | | | | | 9,480 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 615,000 | | | | |||||
| |
Richard B. Murphy
|
| | | |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,186 | | | | | | | — | | | | | | | — | | | | | | | 310,000 | | | |
| |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,389 | | | | | | | 4,778 | | | | | | | 7,167 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 465,000 | | | | |||||
| |
Timothy S. Crane
|
| | | |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,929 | | | | | | | — | | | | | | | — | | | | | | | 285,000 | | | |
| |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,196 | | | | | | | 4,392 | | | | | | | 6,588 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 427,500 | | | | |||||
| |
David L. Stoehr
|
| | | |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,363 | | | | | | | — | | | | | | | — | | | | | | | 230,000 | | | |
| |
|
1/27/2022
|
| | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,772 | | | | | | | 3,544 | | | | | | | 5,316 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 345,000 | | | |
| | | | | |
Options Awards
|
| | |
Stock Awards
|
| | ||||||||||||||||||||||||||||||||||||||||||||||||
| |
Name (a)
|
| | |
Number of
Securities Underlying Unexercised Options (#) Exercisable (b) |
| |
Number of
Securities Underlying Unexercised Options Unexercisable (#) (c) |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) (d) |
| |
Option
Exercise Price ($) (e) |
| |
Option
Expiration Date (f) |
| | |
Number of
Shares or Units of Stock That Have Not Vested (#) (g) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) (h) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(1) (i) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) (j) |
| | |||||||||||||||||||||||||||
| |
Edward J. Wehmer
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 22,695(2) | | | | | | 2,061,841 | | | | | | — | | | | | | — | | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 16,122(3) | | | | | | 1,362,631 | | | | | | 24,182(5) | | | | | | 2,043,863 | | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 11,834(4) | | | | | | 1,000,210 | | | | | | 17,750(6) | | | | | | 1,500,230 | | | | |||||
| |
David A. Dykstra
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 6,176(2) | | | | | | 561,090 | | | | | | — | | | | | | — | | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 4,387(3) | | | | | | 370,789 | | | | | | 6,580(5) | | | | | | 556,142 | | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 4,213(4) | | | | | | 356,083 | | | | | | 6,320(6) | | | | | | 534,166 | | | | |||||
| |
Richard B. Murphy
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 4,574(2) | | | | | | 415,548 | | | | | | — | | | | | | — | | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 3,304(3) | | | | | | 279,254 | | | | | | 4,956(5) | | | | | | 418,881 | | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 3,186(4) | | | | | | 269,281 | | | | | | 4,778(6) | | | | | | 403,837 | | | | |||||
| |
Timothy S. Crane
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 3,736(2) | | | | | | 339,416 | | | | | | — | | | | | | — | | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 2,979(3) | | | | | | 251,785 | | | | | | 4,468(5) | | | | | | 377,635 | | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 2,929(4) | | | | | | 247,559 | | | | | | 4,392(6) | | | | | | 371,212 | | | | |||||
| |
David L. Stoehr
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 3,297(2) | | | | | | 299,532 | | | | | | — | | | | | | — | | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 2,365(3) | | | | | | 199,890 | | | | | | 3,548(5) | | | | | | 299,877 | | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 2,363(4) | | | | | | 199,721 | | | | | | 3,544(6) | | | | | | 299,539 | | | |
| | | | | |
Option Awards
|
| | |
Stock Awards
|
| | ||||||||||||||||||||
| |
Name (a)
|
| | |
Number of
Shares Acquired on Exercise (#) (b) |
| | |
Value Realized
on Exercise ($)(1) (c) |
| | |
Number of Shares
Acquired on Vesting (#) (d) |
| | |
Value Realized
on Vesting ($) (e) |
| | ||||||||||||
| |
Edward J. Wehmer
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
David A. Dykstra
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
Richard B. Murphy
|
| | | | | 3,778 | | | | | | | 202,066 | | | | | | | — | | | | | | | — | | | |
| |
Timothy S. Crane
|
| | | | | 8,046 | | | | | | | 461,243 | | | | | | | — | | | | | | | — | | | |
| |
David L. Stoehr
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
Name (a)
|
| | |
Executive
Contributions in Last Fiscal Year ($) (b) |
| | |
Registrant
Contributions in Last Fiscal Year ($) (c) |
| | |
Aggregate Earnings
in Last Fiscal Year ($) (d) |
| | |
Aggregate
Withdrawals/ Distributions ($) (e) |
| | |
Aggregate Balance
at Last Fiscal Year End ($) (f) |
| | |||||||||||||||
| |
Edward J. Wehmer
|
| | | | | — | | | | | | | — | | | | | | | (479,206)(1) | | | | | | | — | | | | | | | 8,205,469(2) | | | |
| |
David A. Dykstra
|
| | | | | — | | | | | | | — | | | | | | | (197,263)(1) | | | | | | | — | | | | | | | 3,377,752(3) | | | |
| |
Richard B. Murphy
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
Timothy S. Crane
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
David L. Stoehr
|
| | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| |
Name
|
| |
Type of Payment
|
| |
Death
($) |
| |
Permanent
Disability ($) |
| |
Constructive
Termination ($) |
| |
Termination
Without Cause ($) |
| |
Termination
in Connection with a Change in Control ($) |
| |
Retirement
($) |
| | ||||||||||||||||||
| |
Edward J. Wehmer(1)
|
| |
Cash Severance Benefit(2)
|
| | | | 7,931,250 | | | | | | 7,931,250 | | | | | | 7,931,250 | | | | | | 7,931,250 | | | | | | 7,931,250 | | | | | | — | | | |
|
Value of Unvested and Accelerated Equity(3)
|
| | | | 6,150,487 | | | | | | 6,150,487 | | | | | | 6,150,487 | | | | | | 4,963,836 | | | | | | 7,825,115 | | | | | | 4,963,836 | | | | ||||
|
Value of Long-Term Cash Incentive Award(4)
|
| | | | 1,454,750 | | | | | | 1,454,750 | | | | | | 1,454,750 | | | | | | 1,454,750 | | | | | | 1,454,750 | | | | | | 1,454,750 | | | | ||||
| Benefit Continuation(5) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Life Insurance Proceeds(6) | | | | | (2,700,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Disability Insurance Proceeds(7) | | | | | — | | | | | | (300,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Excise Tax Gross-Up Payment(8) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| TOTAL | | | | | 12,836,487 | | | | | | 15,236,487 | | | | | | 15,536,487 | | | | | | 14,349,836 | | | | | | 17,211,115 | | | | | | 6,418,586 | | | | ||||
| |
David A. Dykstra(1)
|
| |
Cash Severance Benefit(2)
|
| | | | 4,482,000 | | | | | | 4,482,000 | | | | | | 4,482,000 | | | | | | 4,482,000 | | | | | | 4,482,000 | | | | | | — | | | |
|
Value of Unvested and Accelerated Equity(3)
|
| | | | 1,799,538 | | | | | | 1,799,538 | | | | | | 1,799,538 | | | | | | 1,418,362 | | | | | | 2,339,176 | | | | | | 1,418,362 | | | | ||||
|
Value of Long-Term Cash Incentive Award(4)
|
| | | | 395,887 | | | | | | 395,887 | | | | | | 395,887 | | | | | | 395,887 | | | | | | 395,887 | | | | | | 395,887 | | | | ||||
| Benefit Continuation(5) | | | | | — | | | | | | 52,319 | | | | | | 52,319 | | | | | | 52,319 | | | | | | 52,319 | | | | | | — | | | | ||||
| Less Life Insurance Proceeds(6) | | | | | (2,700,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Disability Insurance Proceeds(7) | | | | | — | | | | | | (840,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Excise Tax Gross-Up Payment(8) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| TOTAL | | | | | 3,977,425 | | | | | | 5,889,744 | | | | | | 6,729,744 | | | | | | 6,348,568 | | | | | | 7,269,382 | | | | | | 1,814,249 | | | | ||||
| |
Richard B. Murphy(1)
|
| |
Cash Severance Benefit(2)
|
| | | | 3,402,000 | | | | | | 3,402,000 | | | | | | 3,402,000 | | | | | | 3,402,000 | | | | | | 3,402,000 | | | | | | — | | | |
|
Value of Unvested and Accelerated Equity(3)
|
| | | | 1,350,392 | | | | | | 1,350,392 | | | | | | 1,350,392 | | | | | | 1,062,550 | | | | | | 1,757,847 | | | | | | 1,062,550 | | | | ||||
|
Value of Long-Term Cash Incentive Award(4)
|
| | | | 293,250 | | | | | | 293,250 | | | | | | 293,250 | | | | | | 293,250 | | | | | | 293,250 | | | | | | 293,250 | | | | ||||
| Benefit Continuation(5) | | | | | — | | | | | | 25,367 | | | | | | 25,367 | | | | | | 25,367 | | | | | | 25,367 | | | | | | — | | | | ||||
| Less Life Insurance Proceeds(6) | | | | | (2,700,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Disability Insurance Proceeds(7) | | | | | — | | | | | | (720,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Excise Tax Gross-Up Payment(8) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| TOTAL | | | | | 2,345,642 | | | | | | 4,351,009 | | | | | | 5,071,009 | | | | | | 4,783,167 | | | | | | 5,478,464 | | | | | | 1,355,800 | | | | ||||
| |
Timothy S. Crane(1)
|
| |
Cash Severance Benefit(2)
|
| | | | 2,515,040 | | | | | | 2,515,040 | | | | | | 2,515,040 | | | | | | 2,515,040 | | | | | | 2,515,040 | | | | | | — | | | |
|
Value of Unvested and Accelerated Equity(3)
|
| | | | 1,191,864 | | | | | | 1,191,864 | | | | | | 1,191,864 | | | | | | 929,025 | | | | | | 1,563,958 | | | | | | 929,025 | | | | ||||
|
Value of Long-Term Cash Incentive Award(4)
|
| | | | 239,487 | | | | | | 239,487 | | | | | | 239,487 | | | | | | 239,487 | | | | | | 239,487 | | | | | | 239,487 | | | | ||||
| Benefit Continuation(5) | | | | | — | | | | | | 37,610 | | | | | | 28,208 | | | | | | 28,208 | | | | | | 28,208 | | | | | | — | | | | ||||
| Less Life Insurance Proceeds (6) | | | | | (1,200,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Disability Insurance Proceeds(7) | | | | | — | | | | | | (1,200,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Severance Cutback(9) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| TOTAL | | | | | 2,746,391 | | | | | | 2,784,001 | | | | | | 3,974,599 | | | | | | 3,711,760 | | | | | | 4,346,693 | | | | | | 1,168,512 | | | | ||||
| |
David L. Stoehr(1)
|
| |
Cash Severance Benefit(2)
|
| | | | 2,652,000 | | | | | | 2,652,000 | | | | | | 2,652,000 | | | | | | 2,652,000 | | | | | | 2,652,000 | | | | | | — | | | |
|
Value of Unvested and Accelerated Equity(3)
|
| | | | 979,037 | | | | | | 979,037 | | | | | | 979,037 | | | | | | 768,159 | | | | | | 1,277,689 | | | | | | 768,159 | | | | ||||
|
Value of Long-Term Cash Incentive Award(4)
|
| | | | 211,312 | | | | | | 211,312 | | | | | | 211,312 | | | | | | 211,312 | | | | | | 211,312 | | | | | | 211,312 | | | | ||||
| Benefit Continuation(5) | | | | | — | | | | | | 39,635 | | | | | | 28,538 | | | | | | 28,538 | | | | | | 28,538 | | | | | | — | | | | ||||
| Less Life Insurance Proceeds(6) | | | | | (2,520,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Less Disability Insurance Proceeds(7) | | | | | — | | | | | | (840,000) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| Severance Cutback(9) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||||
| TOTAL | | | | | 1,322,349 | | | | | | 3,041,984 | | | | | | 3,870,887 | | | | | | 3,660,009 | | | | | | 4,169,539 | | | | | | 979,471 | | | | ||||
|
| ELIZABETH H. CONNELLY (CHAIR) | | | SUZET M. MCKINNEY | |
| PETER D. CRIST | | | KARIN GUSTAFSON TEGLIA | |
| | Year(1) | | | | Summary Compensation Table Total PEO(2) ($) | | | | Compensation Actually Paid to PEO(3) ($) | | | | Average Summary Compensation Table Total for Non-PEO NEOs(2) ($) | | | | Average Compensation Actually Paid to Non-PEO NEOs(3) ($) | | | | Value of Initial Fixed $100 Investment Based On(4): | | | | Net Income ($ in millions) | | | | EPS ($) | | | ||||||||||||||||||||||||||||
| Wintrust TSR ($) | | | | Peer Group TSR(5) ($) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Year | | | | Summary Compensation Table Total ($)(a) | | | | (Minus) Grant Date Fair Value of Stock Awards Granted in Fiscal Year ($)(b) | | | | Plus Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year ($)(c) | | | | Plus/(Minus) Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years ($)(d) | | | | Plus Fair Value at Vesting of Stock Awards Granted in Fiscal Year that Vested During Fiscal Year ($)(e) | | | | Plus/(Minus) Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year ($)(f) | | | | (Minus) Fair Value as of Prior Fiscal Year- End of Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year ($)(g) | | | | Equals Compensation Actually Paid ($) | | | ||||||||||||||||||||||||
| | Wehmer | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2022 | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | | | | ||||
| | 2021 | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | | | | ||||
| | 2020 | | | | | | | | | | | | ( | | | | | | | — | | | | | | | ( | | | | | | | — | | | | | | | — | | | | | | | ( | | | | | | | | | | ||
| | Other NEOs(h) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2022 | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | | | | ||||
| | 2021 | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | | | | ||||
| | 2020 | | | | | | | | | | | | ( | | | | | | | — | | | | | | | ( | | | | | | | — | | | | | | | — | | | | | | | ( | | | | | | | | | |
| |
EQUITY COMPENSATION PLAN INFORMATION
|
| | |||||||||||||||||||||
| |
Plan
|
| | |
Number of
securities to be issued upon exercise of outstanding options, warrants and rights (a) |
| | |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| | |
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| | |||||||||
| | Equity compensation plans approved by security holders | | | | | | | | | | | | | | | | | | | | | | | |
| | WTFC 1997 Stock Incentive Plan, as amended | | | | | | 85,000 | | | | | | $ | — | | | | | | | — | | | |
| | WTFC 2007 Stock Incentive Plan | | | | | | 24,054 | | | | | | $ | — | | | | | | | — | | | |
| | WTFC 2015 Stock Incentive Plan | | | | | | 1,333,630 | | | | | | $ | 1.66 | | | | | | | — | | | |
| | WTFC 2022 Stock Incentive Plan | | | | | | 21,910 | | | | | | $ | — | | | | | | | 1,600,800 | | | |
| | WTFC Employee Stock Purchase Plan | | | | | | — | | | | | | $ | — | | | | | | | 221,110 | | | |
| | WTFC Directors Deferred Fee and Stock Plan | | | | | | — | | | | | | $ | — | | | | | | | 434,528 | | | |
| | | | | | | | 1,464,594 | | | | | | $ | 1.51 | | | | | | | 2,256,438 | | | |
| |
EQUITY COMPENSATION PLAN INFORMATION
|
| | |||||||||||||||||||||
| |
Plan
|
| | |
Number of
securities to be issued upon exercise of outstanding options, warrants and rights (a) |
| | |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| | |
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| | |||||||||
| | Equity compensation plans not approved by security holders(1) | | | | | | | | | | | | | | | | | | | | | | | |
| | N/A | | | | | | — | | | | | | $ | — | | | | | | | — | | | |
| | Total | | | | | | 1,464,594 | | | | | | $ | 1.51 | | | | | | | 2,256,438 | | | |
|