Penko Ivanov - Jan 2, 2022 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
Jan 2, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 02:16 PM
Previous filing
Nov 4, 2021
Next filing
Jan 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Award $0 +469 $0.00 469 Jan 2, 2022 Direct F1
holding BWFG Common Stock 2.68K Jan 2, 2022 Direct F2
holding BWFG Common Stock 500 Jan 2, 2022 Direct F3
holding BWFG Common Stock 500 Jan 2, 2022 Direct F4
holding BWFG Common Stock 333 Jan 2, 2022 Direct F5
holding BWFG Common Stock 333 Jan 2, 2022 Direct F6
holding BWFG Common Stock 1.28K Jan 2, 2022 IRA
holding BWFG Common Stock 17.8K Jan 2, 2022 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 469 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics from previously issued grants.
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. As of the transaction date, 1,344 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 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, 1,000 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, 1,000 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.
F7 640 shares reported are held jointly with spouse.