Matt McNeill - Jan 3, 2022 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
Jan 3, 2022
Transactions value $
-$42,458
Form type
4
Date filed
1/5/2022, 01:27 PM
Previous filing
Nov 10, 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 Tax liability -$42.5K -1.31K -6.9% $32.46 17.6K Jan 3, 2022 Direct F1, F2
holding BWFG Common Stock 5.8K Jan 3, 2022 Direct F3
holding BWFG Common Stock 9.7K Jan 3, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,308 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 3,480 shares.
F2 Range of reported sale price is $32.03 - $33.20. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 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. As of the transaction date, 2,900 shares have vested. An additional 580 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
F4 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.