Steven H. Brunner - Mar 15, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Steven H. Brunner
Stock symbol
BWFG
Transactions as of
Mar 15, 2024
Transactions value $
-$11,478
Form type
4
Date filed
3/19/2024, 09:35 AM
Previous filing
Feb 9, 2024
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Tax liability -$11.5K -456 -10.17% $25.17 4.03K Mar 15, 2024 Direct F1, F2
holding BWFG Common Stock 4.89K Mar 15, 2024 Direct F3
holding BWFG Common Stock 1.33K Mar 15, 2024 Direct F4
holding BWFG Common Stock 3.73K Mar 15, 2024 Direct F5
holding BWFG Common Stock 1.26K Mar 15, 2024 Direct F6
holding BWFG Common Stock 1.07K Mar 15, 2024 Direct F7
holding BWFG Common Stock 1.07K Mar 15, 2024 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 456 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 1,261 shares.
F2 Range of reported sale price is $25.17 - $25.25. 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 vested 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 vested 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 vested on March 15, 2024 and the second on March 15 , 2025. As of the transaction date, 1,261 shares have vested.
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 vested 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 vested 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.