Christine Chivily - Dec 6, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Christine Chivily
Stock symbol
BWFG
Transactions as of
Dec 6, 2023
Transactions value $
-$41,670
Form type
4
Date filed
12/8/2023, 02:54 PM
Previous filing
Jul 5, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Sale -$41.7K -1.5K -7.5% $27.78 18.5K Dec 6, 2023 Direct F1
holding BWFG Common Stock 4.59K Dec 6, 2023 Direct F2
holding BWFG Common Stock 3.33K Dec 6, 2023 Direct F3
holding BWFG Common Stock 2.74K Dec 6, 2023 Direct F4
holding BWFG Common Stock 1.94K Dec 6, 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.