Penko Ivanov - Nov 3, 2021 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Financial Officer
Signature
/s/ Penko Ivanov
Stock symbol
BWFG
Transactions as of
Nov 3, 2021
Transactions value $
$4,593
Form type
4
Date filed
11/4/2021, 10:30 AM
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $3.06K +100 +8.48% $30.62 1.28K Nov 3, 2021 IRA
transaction BWFG Common Stock Purchase $1.53K +50 +0.32% $30.62 15.5K Nov 3, 2021 Direct F1
holding BWFG Common Stock 4.03K Nov 3, 2021 Direct F2
holding BWFG Common Stock 1K Nov 3, 2021 Direct F3
holding BWFG Common Stock 1K Nov 3, 2021 Direct F4
holding BWFG Common Stock 333 Nov 3, 2021 Direct F5
holding BWFG Common Stock 333 Nov 3, 2021 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 640 shares reported are held jointly with spouse.
F2 4,028 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,014 of those shares are restricted stock that will vest in three substantially equal annual 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. 2,014 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F3 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.
F4 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.
F5 1,000 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 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.
F6 1,000 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, 667 shares have vested.