Angelo G. Fusaro - 07 Feb 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
Issuer symbol: BWFG
Transactions as of: 07 Feb 2024
Net transactions value: -$4,533
Form type: 4
Filing time: 09 Feb 2024, 14:28:14 UTC
Previous filing: 29 Jan 2024
Next filing: 03 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Tax liability	$4,533	-186	-14%	$24.37	1,108	07 Feb 2024	Direct	F1
transaction	BWFG	Common Stock	Award	$0	+750		$0.000000	750	07 Feb 2024	Direct	F2
holding	BWFG	Common Stock						250	07 Feb 2024	Direct	F3
holding	BWFG	Common Stock						500	07 Feb 2024	Direct	F4
holding	BWFG	Common Stock						750	07 Feb 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.