Angelo G. Fusaro - Feb 7, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Principal Accounting Officer
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Angelo G Fusaro
Stock symbol
BWFG
Transactions as of
Feb 7, 2024
Transactions value $
-$4,533
Form type
4
Date filed
2/9/2024, 02:28 PM
Previous filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$4.53K -186 -14.37% $24.37 1.11K Feb 7, 2024 Direct F1
transaction BWFG Common Stock Award $0 +750 $0.00 750 Feb 7, 2024 Direct F2
holding BWFG Common Stock 250 Feb 7, 2024 Direct F3
holding BWFG Common Stock 500 Feb 7, 2024 Direct F4
holding BWFG Common Stock 750 Feb 7, 2024 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 186 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 500 shares.
F2 750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 250 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2025 and the second and third installments to vest on each annual anniversary of the vesting date thereafter.
F3 1,000 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 January 2, 2022 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 750 shares have vested.
F4 1,000 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, 500 shares have vested.
F5 1,000 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 four substantially equal annual installments, with the first installment vesting on February 7, 2024 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 250 shares have vested.