Matt McNeill - Jan 13, 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 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/14/2022, 12:32 PM
Previous filing
Jan 5, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Award $0 +9.06K $0.00 9.06K Jan 13, 2022 Direct F1
holding BWFG Common Stock 5.8K Jan 13, 2022 Direct F2
holding BWFG Common Stock 9.7K Jan 13, 2022 Direct F3
holding BWFG Common Stock 17.6K Jan 13, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 9,059 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 4,530 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 4,529 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
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. 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.
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.