Laura Waitz - 21 Dec 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
Issuer symbol
BWFG
Transactions as of
21 Dec 2021
Net transactions value
-$40,306
Form type
4
Filing time
22 Dec 2021, 07:47:53 UTC
Previous filing
02 Sep 2021
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 Sale $40,306 -1,282 -100% $31.44 0 21 Dec 2021 Direct
holding BWFG Common Stock 5,831 21 Dec 2021 Direct F1
holding BWFG Common Stock 1,000 21 Dec 2021 Direct F2
holding BWFG Common Stock 1,000 21 Dec 2021 Direct F3
holding BWFG Common Stock 666 21 Dec 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 are performance restricted stock and may vest when and if the performance goal is achieved.
F2 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.
F3 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.
F4 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.