Laura Waitz - Sep 1, 2021 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Operating Officer
Signature
/s/ Penko Ivanov, Attorney-in-Fact for Laura Waitz
Stock symbol
BWFG
Transactions as of
Sep 1, 2021
Transactions value $
-$17,701
Form type
4
Date filed
9/2/2021, 12:11 PM
Next filing
Dec 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$17.7K -593 -31.63% $29.85 1.28K Sep 1, 2021 Direct F1, F2, F3
holding BWFG Common Stock 5.83K Sep 1, 2021 Direct F4
holding BWFG Common Stock 1K Sep 1, 2021 Direct F5
holding BWFG Common Stock 1K Sep 1, 2021 Direct F6
holding BWFG Common Stock 666 Sep 1, 2021 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 593 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 1,875 shares.
F2 Range of reported sale price is $29.76 - $29.89. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 7,500 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on August 31, 2018 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, all shares have vested.
F4 5,831 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,916 of those shares are restricted stock that will vest in three substantially equalannual installments, with the first installment to vest on January 2, 2022 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,915 of those shares areperformance restricted stock and may vest when and if the performance goal is achieved.
F5 1,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on January 2, 2021 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 500 shares have vested.
F6 1,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 500 shares have vested.
F7 2,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 1,000 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2020 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 667 shares have vested. 1,000 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 667 shares have vested.