Todd Lampert - 12 Sep 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Todd Lampert
Issuer symbol: BWFG
Transactions as of: 12 Sep 2023
Net transactions value: -$102,960
Form type: 4
Filing time: 14 Sep 2023, 09:47:34 UTC
Previous filing: 04 Jan 2023
Next filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Sale	$102,960	-4,000	-33%	$25.74	8,180	12 Sep 2023	Direct	F1
holding	BWFG	Common Stock						1,600	12 Sep 2023	Direct	F2
holding	BWFG	Common Stock						400	12 Sep 2023	Direct	F3
holding	BWFG	Common Stock						1,200	12 Sep 2023	Direct	F4
holding	BWFG	Common Stock						1,000	12 Sep 2023	Direct	F5
holding	BWFG	Common Stock						3,520	12 Sep 2023	Direct	F6
holding	BWFG	Common Stock						300	12 Sep 2023	Direct	F7
holding	BWFG	Common Stock						9,699	12 Sep 2023	Spouse's IRA
holding	BWFG	Common Stock						8,608	12 Sep 2023	IRA

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

Explanation of Responses:

Id	Content
F1	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, all shares have vested.
F2	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.
F3	400 shares of restricted stock granted on December 31, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest on January 2, 2024.
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	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.
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.