Blake S. Drexler - Dec 29, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Director
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Blake S. Drexler
Stock symbol
BWFG
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 10:30 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 35.4K 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 3.52K Dec 29, 2023 Direct F6
holding BWFG Common Stock 58.2K Dec 29, 2023 Held as Trustee
holding BWFG Common Stock 1.13K Dec 29, 2023 IRA-401(k)
holding BWFG Common Stock 152K Dec 29, 2023 Direct
* 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 30, 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 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.