Steven H. Brunner - 07 Feb 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Steven H. Brunner
Issuer symbol
BWFG
Transactions as of
07 Feb 2024
Net transactions value
-$11,434
Form type
4
Filing time
09 Feb 2024, 14:34:43 UTC
Previous filing
30 Jan 2024
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability $11,434 -465 -13% $24.59 3,221 07 Feb 2024 Direct F1, F2
transaction BWFG Common Stock Award $0 +4,894 $0.000000 4,894 07 Feb 2024 Direct F3
holding BWFG Common Stock 1,333 07 Feb 2024 Direct F4
holding BWFG Common Stock 3,728 07 Feb 2024 Direct F5
holding BWFG Common Stock 2,522 07 Feb 2024 Direct F6
holding BWFG Common Stock 1,070 07 Feb 2024 Direct F7
holding BWFG Common Stock 1,068 07 Feb 2024 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 465 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 1,069 shares.
F2 Range of reported sale price is $24.50 - $24.63. 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 stock and may vest when and if the performance goal is achieved.
F4 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.
F5 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.
F6 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.
F7 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. As of the transaction date, 534 shares have vested.
F8 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. As of the transaction date, 535 shares have vested.