Laura Waitz - 07 Feb 2022 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Penko Ivanov, Attorney-in-Fact for Laura Waitz
Issuer symbol
BWFG
Transactions as of
07 Feb 2022
Net transactions value
-$8,499
Form type
4
Filing time
09 Feb 2022, 12:10:36 UTC
Previous filing
14 Jan 2022
Next filing
06 Jul 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Award $0 +133 +4.6% $0.000000 3,004 07 Feb 2022 Direct F1, F2
transaction BWFG Common Stock Tax liability $8,499 -251 -8.4% $33.86 2,753 08 Feb 2022 Direct F2, F3, F4
holding BWFG Common Stock 4,111 07 Feb 2022 Direct F5
holding BWFG Common Stock 3,887 07 Feb 2022 Direct F6
holding BWFG Common Stock 500 07 Feb 2022 Direct F7
holding BWFG Common Stock 500 07 Feb 2022 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 133 performance based shares were granted and vested on February 7, 2022 as a result of meeting performance metrics from previously issued grants.
F2 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, all shares have vested.
F3 251 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 799 shares.
F4 Range of reported sale price is $33.83 - $33.87. Reporting person agrees to provide individual transaction information to SEC upon request.
F5 4,111 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,056 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. 2,055 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F6 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. As of the transaction date, 1,944 shares have vested. An additional 389 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
F7 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.
F8 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.