Courtney E. Sacchetti - Feb 7, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Financial Officer
Signature
/s/ Courtney E. Sacchetti
Stock symbol
BWFG
Transactions as of
Feb 7, 2024
Transactions value $
-$5,200
Form type
4
Date filed
2/9/2024, 02:35 PM
Previous filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$5.2K -212 -14.29% $24.53 1.27K Feb 7, 2024 Direct F1, F2
transaction BWFG Common Stock Award $0 +2.94K $0.00 2.94K Feb 7, 2024 Direct F3
holding BWFG Common Stock 1.13K Feb 7, 2024 Direct F4
holding BWFG Common Stock 374 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 212 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 563 shares.
F2 Range of reported sale price is $24.50 - $24.55. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 2,936 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 1,468 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. 1,468 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F4 1,500 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, 375 shares have vested.
F5 750 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, 376 shares have vested.