Christine Chivily - Feb 7, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Credit Officer
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Christine Chivily
Stock symbol
BWFG
Transactions as of
Feb 7, 2024
Transactions value $
-$23,158
Form type
4
Date filed
2/9/2024, 02:33 PM
Previous filing
Jan 4, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$23.2K -941 -4.16% $24.61 21.7K Feb 7, 2024 Direct F1, F2
transaction BWFG Common Stock Award $0 +4.89K $0.00 4.89K Feb 7, 2024 Direct F3
holding BWFG Common Stock 3.06K Feb 7, 2024 Direct F4
holding BWFG Common Stock 3.33K Feb 7, 2024 Direct F5
holding BWFG Common Stock 1.37K Feb 7, 2024 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 941 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 2,900 shares.
F2 Range of reported sale price is $24.45 - $24.75. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 4,894 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,447 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. 2,447 of those shares are performance restricted stockand may vest when and if the performance goal is achieved.
F4 4,589 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,295 of those 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. 2,294 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 1,530 shares have vested.
F5 5,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vesting on July 1, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 1,666 shares have vested.
F6 4,111 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,056 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vesting on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,055 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 2,741 shares have vested.