secwatch.observer — SEC 8-K summary
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Issuer:     WINTRUST FINANCIAL CORP (WTFC)
CIK:        0001015328
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001104659-23-007726
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wintrust appoints Timothy S. Crane as CEO effective May 1, 2023; Wehmer becomes Executive Chairman
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- Tim Crane named CEO effective May 1, 2023; appointed to Board immediately; Wehmer to step down as CEO.
- Wehmer to serve as Executive Chairman through May 23, 2024, then as Founder & Senior Advisor through Dec 31, 2026.
- Board increased size from 13 to 14 directors to accommodate Crane's appointment.
- Crane's 2023 compensation: $1M base, STIP target 125% ($1.25M), LTIP target 275% ($2.75M).
- Wehmer receives $12M Transition Award payable in equal monthly installments over 36 months starting May 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015328/000110465923007726/0001104659-23-007726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015328/000110465923007726/tm234685d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-007726

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer