Matt McNeill - Jan 2, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Banking Officer
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Matt McNeill
Stock symbol
BWFG
Transactions as of
Jan 2, 2024
Transactions value $
-$31,159
Form type
4
Date filed
1/4/2024, 12:55 PM
Previous filing
Mar 3, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$31.2K -1.05K -3.17% $29.76 31.9K Jan 2, 2024 Direct F1, F2
holding BWFG Common Stock 11.2K Jan 2, 2024 Direct F3
holding BWFG Common Stock 6.04K Jan 2, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,047 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 2,896 shares.
F2 Range of reported sale price is $29.37 - $30.01. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 11,185 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,593 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. 5,592 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F4 9,059 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 4,530 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 4,529 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 3,020 shares have vested.