Blake S. Drexler - 30 Dec 2022 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Blake S. Drexler
Issuer symbol: BWFG
Transactions as of: 30 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2023, 12:00:24 UTC
Previous filing: 07 Dec 2022
Next filing: 16 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Award	$0	+1,600		$0.000000	1,600	30 Dec 2022	Direct	F1
holding	BWFG	Common Stock						1,200	30 Dec 2022	Direct	F2
holding	BWFG	Common Stock						1,000	30 Dec 2022	Direct	F3
holding	BWFG	Common Stock						3,520	30 Dec 2022	Direct	F4
holding	BWFG	Common Stock						300	30 Dec 2022	Direct	F5
holding	BWFG	Common Stock						300	30 Dec 2022	Direct	F6
holding	BWFG	Common Stock						58,224	30 Dec 2022	Held as Trustee
holding	BWFG	Common Stock						1,128	30 Dec 2022	IRA-401(k)
holding	BWFG	Common Stock						34,560	30 Dec 2022	Deferred Compensation Plan
holding	BWFG	Common Stock						149,175	30 Dec 2022	Direct

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

Explanation of Responses:

Id	Content
F1	1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2022 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, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F2	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. As of January 2, 2023, 400 shares have vested.
F3	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 January 2, 2023, 1,000 shares have vested.
F4	3,520 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.
F5	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 January 2, 2023, 900 shares have vested.
F6	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.