Lawrence B. Seidman - May 31, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Director
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Lawrence B. Seidman
Stock symbol
BWFG
Transactions as of
May 31, 2023
Transactions value $
$4,994
Form type
4
Date filed
6/2/2023, 08:12 AM
Previous filing
May 3, 2023
Next filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $4.99K +218 +4.94% $22.91 4.64K May 31, 2023 Direct F1, F2
holding BWFG Common Stock 1.6K May 31, 2023 Direct F3
holding BWFG Common Stock 1.2K May 31, 2023 Direct F4
holding BWFG Common Stock 1K May 31, 2023 Direct F5
holding BWFG Common Stock 3.42K May 31, 2023 Direct
holding BWFG Common Stock 174K May 31, 2023 By Seidman and Associates, L.L.C.
holding BWFG Common Stock 126K May 31, 2023 By Seidman Investment Partnership, L.P.
holding BWFG Common Stock 135K May 31, 2023 By Seidman Investment Partnership II, L.P.
holding BWFG Common Stock 30.8K May 31, 2023 By Seidman Investment Partnership III, L.P.
holding BWFG Common Stock 102K May 31, 2023 By LSBK06-08, L.L.C.
holding BWFG Common Stock 124K May 31, 2023 By Broad Park Investors, L.L.C.
holding BWFG Common Stock 19K May 31, 2023 By Chewy Gooey Cookies, L.P.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Range of reported price is $22.77 to $22.95. 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.