Laura Waitz - Jan 2, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Laura Waitz
Stock symbol
BWFG
Transactions as of
Jan 2, 2023
Transactions value $
-$48,286
Form type
4
Date filed
1/4/2023, 02:01 PM
Previous filing
Dec 6, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Award $0 +972 +33.02% $0.00 3.92K Jan 2, 2023 Direct F1
transaction BWFG Common Stock Award $0 +500 +12.77% $0.00 4.42K Jan 2, 2023 Direct F2
transaction BWFG Common Stock Tax liability -$48.3K -1.7K -38.54% $28.37 2.71K Jan 3, 2023 Direct F3, F4, F5, F6
holding BWFG Common Stock 5K Jan 2, 2023 Direct F7
holding BWFG Common Stock 4.11K Jan 2, 2023 Direct F8
holding BWFG Common Stock 1.94K Jan 2, 2023 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 972 performance based shares were granted and vested on January 2, 2023 as a result of meeting performance metrics from previously issued grants.
F2 500 performance based shares were granted and vested on January 2, 2023 as a result of meeting performance metrics from previously issued grants.
F3 1,702 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 4,416 shares.
F4 Range of reported purchase price is $28.21 - $28.69. Reporting person agrees to provide individual transaction information to SEC upon request.
F5 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 all shares have vested.
F6 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 all shares have vested.
F7 5,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on July 1, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F8 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.
F9 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 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. 2,915 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 3,888 shares have vested.