James M. Garnett Jr. - 03 Feb 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for James M. Garnett, Jr.
Issuer symbol: BWFG
Transactions as of: 03 Feb 2023
Net transactions value: +$4,135
Form type: 4
Filing time: 07 Feb 2023, 11:54:57 UTC
Previous filing: 04 Jan 2023
Next filing: 27 Feb 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	Purchase	$4,135	+134	+4.5%	$30.86	3,110	03 Feb 2023	Direct	F1, F2
holding	BWFG	Common Stock						1,600	03 Feb 2023	Direct	F3
holding	BWFG	Common Stock						1,200	03 Feb 2023	Direct	F4
holding	BWFG	Common Stock						1,000	03 Feb 2023	Direct	F5
holding	BWFG	Common Stock						1,760	03 Feb 2023	Direct	F6
holding	BWFG	Common Stock						300	03 Feb 2023	Direct	F7
holding	BWFG	Common Stock						25,473	03 Feb 2023	Direct	F8
holding	BWFG	Common Stock						5,530	03 Feb 2023	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 sale price is $30.56 - $30.91. 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, 2022, 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, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4	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 the transaction date, 400 shares have vested.
F5	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, 1,000 shares have vested.
F6	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.
F7	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, 900 shares have vested.
F8	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 February 7, 2023, all shares have vested.