Penko Ivanov - Jan 31, 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 31, 2022
Transactions value $
$9,860
Form type
4
Date filed
2/1/2022, 10:54 AM
Previous filing
Jan 14, 2022
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $6.8K +200 +15.64% $34.00 1.48K Jan 31, 2022 IRA
transaction BWFG Common Stock Purchase $3.06K +90 +0.49% $34.00 18.4K Jan 31, 2022 Direct F1
holding BWFG Common Stock 4.32K Jan 31, 2022 Direct F2
holding BWFG Common Stock 2.68K Jan 31, 2022 Direct F3
holding BWFG Common Stock 500 Jan 31, 2022 Direct F4
holding BWFG Common Stock 500 Jan 31, 2022 Direct F5
holding BWFG Common Stock 333 Jan 31, 2022 Direct F6
holding BWFG Common Stock 333 Jan 31, 2022 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 730 shares reported are held jointly with spouse.
F2 4,316 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,158 of those shares are restricted stock that will vest in three substantially equalannual 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. 2,158 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F3 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. An additional 269 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
F4 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.
F5 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. An additional 200 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
F6 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.
F7 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.