Carl M. Porto - Dec 29, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Carl M. Porto
Stock symbol: BWFG
Transactions as of: Dec 29, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/3/2024, 10:17 AM
Previous filing: Dec 14, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Award	$0	+2.5K		$0.00	1.67K	Dec 29, 2023	Direct	F1
transaction	BWFG	Common Stock	Award	$0	+1.6K		$0.00	1.6K	Dec 29, 2023	Direct	F2
holding	BWFG	Common Stock						16.7K	Dec 29, 2023	Deferred Compensation Plan
holding	BWFG	Common Stock						1.2K	Dec 29, 2023	Direct	F3
holding	BWFG	Common Stock						800	Dec 29, 2023	Direct	F4
holding	BWFG	Common Stock						500	Dec 29, 2023	Direct	F5
holding	BWFG	Common Stock						1.76K	Dec 29, 2023	Direct	F6
holding	BWFG	Common Stock						14.8K	Dec 29, 2023	Direct
holding	BWFG	Common Stock						4.3K	Dec 29, 2023	Law Firm Pension Plan

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

Explanation of Responses:

Id	Content
F1	2,500 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 833 vested immediately on December 29, 2023. 833 will vest on February 7, 2024 and 834 will vest on February 7, 2025.
F2	1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 to vest on February 7, 2025. 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027.
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 vesting on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 400 shares have vested.
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 vesting on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 800 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 vesting on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,500 shares have vested.
F6	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.