Steven H. Brunner - Jan 24, 2024 Form 3 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: EVP & Chief Risk & Operations
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Steven H. Brunner
Stock symbol: BWFG
Transactions as of: Jan 24, 2024
Transactions value $: $0
Form type: 3
Date filed: 1/30/2024, 12:41 PM
Next filing: Feb 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BWFG	Common Stock						1.33K	Jan 24, 2024	Direct	F1
holding	BWFG	Common Stock						3.73K	Jan 24, 2024	Direct	F2
holding	BWFG	Common Stock						2.52K	Jan 24, 2024	Direct	F3
holding	BWFG	Common Stock						1.6K	Jan 24, 2024	Direct	F4
holding	BWFG	Common Stock						1.6K	Jan 24, 2024	Direct	F5
holding	BWFG	Common Stock						2.62K	Jan 24, 2024	Direct

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

Explanation of Responses:

Id	Content
F1	2,000 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 three substantially equal annual installments, with the first installment vesting on August 31, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 667 shares have vested.
F2	7,457 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 two substantially equal annual installments, with the first installment vesting on December 15, 2023 and the second on December 15, 2024. As of the transaction date, 3,729 shares have vested.
F3	2,522 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 two substantially equal annual installments, with the first installment vesting on March 15, 2024 and the second on March 15, 2025.
F4	1,604 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 three substantially equal annual installments, with the first installment vesting on February 7, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter.
F5	1,603 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 1,603 of those shares are performance restricted stock and may vest when and if the performance goal is achieved, with the first installment vesting on February 7, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter.