Matt McNeill - Nov 9, 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
Stock symbol
BWFG
Transactions as of
Nov 9, 2021
Transactions value $
$344,498
Form type
4
Date filed
11/10/2021, 08:53 AM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $344K +11.1K +251.25% $31.12 15.5K Nov 9, 2021 Direct F1
holding BWFG Common Stock 8.7K Nov 9, 2021 Direct F2
holding BWFG Common Stock 9.7K Nov 9, 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.