Matt McNeill - 09 Nov 2021 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Banking Officer
Signature
/s/ Penko Ivanov, Attorney-in-Fact for Matt McNeill
Issuer symbol
BWFG
Transactions as of
09 Nov 2021
Net transactions value
+$344,498
Form type
4
Filing time
10 Nov 2021, 08:53:30 UTC
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $344,498 +11,070 +251% $31.12 15,476 09 Nov 2021 Direct F1
holding BWFG Common Stock 8,696 09 Nov 2021 Direct F2
holding BWFG Common Stock 9,695 09 Nov 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Range of reported purchase price is $31.00 - $31.32. Reporting person agrees to provide individual transaction information to SEC upon request.
F2 8,696 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 4,348 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. 4,348 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F3 16,159 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 as follows: 40% on March 1, 2021, 40% on March 1, 2022 and 20% on March 1, 2023. As of the transaction date, 6,464 shares have vested.