Courtney E. Sacchetti - Jan 2, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Financial Officer
Signature
/s/ Courtney E. Sacchetti
Stock symbol
BWFG
Transactions as of
Jan 2, 2024
Transactions value $
-$1,359
Form type
4
Date filed
1/4/2024, 01:00 PM
Previous filing
Feb 9, 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 -$1.36K -46 -4.76% $29.54 921 Jan 2, 2024 Direct F1
holding BWFG Common Stock 1.5K Jan 2, 2024 Direct F2
holding BWFG Common Stock 562 Jan 2, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 46 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 125 shares.
F2 1,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in four substantially equal annual installments, with the first installment to vest on February 7, 2024 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter.
F3 750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in four substantially equal annual installments, with the first installment vesting on February 7, 2023 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 188 shares have vested.