James M. Garnett Jr - Mar 6, 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.
Stock symbol
BWFG
Transactions as of
Mar 6, 2023
Transactions value $
$196,560
Form type
4
Date filed
3/7/2023, 03:14 PM
Previous filing
Mar 3, 2023
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $197K +6.55K +22.65% $30.00 35.5K Mar 6, 2023 Direct
holding BWFG Common Stock 1.6K Mar 6, 2023 Direct F1
holding BWFG Common Stock 1.2K Mar 6, 2023 Direct F2
holding BWFG Common Stock 1K Mar 6, 2023 Direct F3
holding BWFG Common Stock 1.76K Mar 6, 2023 Direct F4
holding BWFG Common Stock 300 Mar 6, 2023 Direct F5
holding BWFG Common Stock 3.25K Mar 6, 2023 Direct F6
holding BWFG Common Stock 5.53K Mar 6, 2023 Deferred Compensation Plan
* 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 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.
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 the transaction date, 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 the transaction date, 1,000 shares have vested.
F4 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.
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 the transaction date, 900 shares have vested.
F6 Shares owned as a result of purchases made under a Director's Share Purchase Plan.