Carl M. Porto - Aug 23, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Carl M. Porto
Stock symbol: BWFG
Transactions as of: Aug 23, 2024
Transactions value $: $3,059
Form type: 4
Date filed: 8/26/2024, 04:13 PM
Previous filing: Jun 12, 2024
Next filing: Sep 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Purchase	$3.06K	+106	+0.59%	$28.86	18.2K	Aug 23, 2024	Deferred Compensation Plan	F1
holding	BWFG	Common Stock						834	Aug 23, 2024	Direct	F2
holding	BWFG	Common Stock						1.6K	Aug 23, 2024	Direct	F3
holding	BWFG	Common Stock						1.2K	Aug 23, 2024	Direct	F4
holding	BWFG	Common Stock						800	Aug 23, 2024	Direct	F5
holding	BWFG	Common Stock						500	Aug 23, 2024	Direct	F6
holding	BWFG	Common Stock						1.76K	Aug 23, 2024	Direct	F7
holding	BWFG	Common Stock						15.6K	Aug 23, 2024	Direct
holding	BWFG	Common Stock						4.3K	Aug 23, 2024	Law Firm Pension Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Range of reported price is $28.83 to $28.89. Reporting person agrees to provide individual transaction to SEC upon request.
F2	2,500 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 833 vested immediately on December 29, 2023. 833 vested on February 7, 2024 and 834 will vest on February 7, 2025.
F3	1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan and will vest in three equal annual installments of 25%, with the first installment vested on February 7, 2025 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4	1,600 shares of restricted stock granted on December 31, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 400 shares have vested.
F5	1,600 shares of restricted stock granted on December 31, 2021, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 800 shares have vested.
F6	2,000 shares of restricted stock granted on December 8, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vesting on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,500 shares have vested.
F7	1,760 shares of restricted stock granted on February 7, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will fully vest on February 7, 2025.