Christine Chivily - 06 Dec 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Chief Credit Officer
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Christine Chivily
Issuer symbol: BWFG
Transactions as of: 06 Dec 2023
Net transactions value: -$41,670
Form type: 4
Filing time: 08 Dec 2023, 14:54:43 UTC
Previous filing: 05 Jul 2023
Next filing: 04 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	$41,670	-1,500	-7.5%	$27.78	18,506	06 Dec 2023	Direct	F1
holding	BWFG	Common Stock						4,589	06 Dec 2023	Direct	F2
holding	BWFG	Common Stock						3,334	06 Dec 2023	Direct	F3
holding	BWFG	Common Stock						2,740	06 Dec 2023	Direct	F4
holding	BWFG	Common Stock						1,943	06 Dec 2023	Direct	F5

* 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 $27.73 - $27.79. Reporting person agrees to provide individual transaction information to SEC upon request.
F2	4,589 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,295 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,294 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F3	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 vesting 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 achieve. As of the transaction date, 1,666 shares have vested.
F4	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 vesting 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. As of the transaction date, 1,370 shares have vested.
F5	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 vesting 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.