Christine Chivily - Aug 28, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: EVP & Chief Credit Officer
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Christine Chivily
Stock symbol: BWFG
Transactions as of: Aug 28, 2024
Transactions value $: -$50,602
Form type: 4
Date filed: 8/30/2024, 10:23 AM
Previous filing: Jul 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Sale	-$50.6K	-1.82K	-11.16%	$27.88	14.4K	Aug 28, 2024	Direct
holding	BWFG	Common Stock						4.89K	Aug 28, 2024	Direct	F1
holding	BWFG	Common Stock						3.06K	Aug 28, 2024	Direct	F2
holding	BWFG	Common Stock						1.67K	Aug 28, 2024	Direct	F3
holding	BWFG	Common Stock						1.37K	Aug 28, 2024	Direct	F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	4,589 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,295 of those 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. 2,294 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the filing date, 1,530 shares have vested.
F3	5,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on July 1, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the filing date, 3,332 shares have vested.
F4	4,111 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 2,056 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,055 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the filing date, 2,741 shares have vested.