James M. Garnett Jr - 05 Dec 2022 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Penko Ivanov, Attorney-in-Fact for James M. Garnett, Jr.
Issuer symbol: BWFG
Transactions as of: 05 Dec 2022
Transactions value $: $64,492
Form type: 4
Filing time: 07 Dec 2022, 11:49:26
Previous filing: 28 Nov 2022
Next filing: 09 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Purchase	$4.06K	+139	+4.9%	$29.18	2.98K	05 Dec 2022	Direct	F1, F2
transaction	BWFG	Common Stock	Purchase	$60.4K	+2.08K	+11.14%	$29.00	20.8K	06 Dec 2022	Direct
holding	BWFG	Common Stock						1.6K	05 Dec 2022	Direct	F3
holding	BWFG	Common Stock						1.5K	05 Dec 2022	Direct	F4
holding	BWFG	Common Stock						1.76K	05 Dec 2022	Direct	F5
holding	BWFG	Common Stock						600	05 Dec 2022	Direct	F6
holding	BWFG	Common Stock						300	05 Dec 2022	Direct	F7
holding	BWFG	Common Stock						5.53K	05 Dec 2022	Deferred Compensation Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Range of reported purchase price is $29.15 - $29.24. Reporting person agrees to provide individual transaction information to SEC upon request.
F2	Shares owned as a result of purchases made under a Director's Share Purchase Plan.
F3	1,600 shares of restricted stock granted on December 31, 2021, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4	2,000 shares of restricted stock granted on December 8, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 500 shares have vested.
F5	1,760 shares of restricted stock granted on February 7, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will fully vest on February 7, 2025.
F6	1,200 shares of restricted stock granted on December 20, 2019, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2021 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 600 shares have vested.
F7	1,200 shares of restricted stock granted on March 4, 2019, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on February 7, 2020 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 900 shares have vested.