Steven H. Brunner - Sep 3, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
EVP & Chief Risk & Operations
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Steven H. Brunner
Stock symbol
BWFG
Transactions as of
Sep 3, 2024
Transactions value $
-$7,348
Form type
4
Date filed
9/3/2024, 04:34 PM
Previous filing
May 24, 2024
Next filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Sale -$7.35K -246 -19.35% $29.87 1.03K Sep 3, 2024 Direct F1, F2
holding BWFG Common Stock 4.89K Sep 3, 2024 Direct F3
holding BWFG Common Stock 666 Sep 3, 2024 Direct F4
holding BWFG Common Stock 3.73K Sep 3, 2024 Direct F5
holding BWFG Common Stock 1.26K Sep 3, 2024 Direct F6
holding BWFG Common Stock 1.07K Sep 3, 2024 Direct F7
holding BWFG Common Stock 1.07K Sep 3, 2024 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 246 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 667 shares.
F2 Range of reported price is $29.85 to $29.91. Reporting person agrees to provide individual transaction 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 filing date, 1,334 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 filing 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.
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.
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.