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

Role
EVP & Chief Banking Officer
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Matt McNeill
Stock symbol
BWFG
Transactions as of
Feb 7, 2024
Transactions value $
-$53,941
Form type
4
Date filed
2/9/2024, 02:38 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 -$53.9K -2.21K -5.71% $24.43 36.5K Feb 7, 2024 Direct F1, F2
transaction BWFG Common Stock Award $0 +10.8K $0.00 10.8K Feb 7, 2024 Direct F3
holding BWFG Common Stock 7.46K Feb 7, 2024 Direct F4
holding BWFG Common Stock 3.02K 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 2,208 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 6,748 shares.
F2 Range of reported sale price is $23.76 - $24.75. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 10,768 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,384 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. 5,384 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
F4 11,185 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,593 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. 5,592 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 3,728 shares have vested.
F5 9,059 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 4,530 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. 4,529 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 6,040 shares have vested.