Carl M. Porto - 18 Dec 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Carl M. Porto
Issuer symbol: BWFG
Transactions as of: 18 Dec 2024
Net transactions value: $0
Form type: 4
Filing time: 18 Dec 2024, 16:36:44 UTC
Previous filing: 10 Dec 2024
Next filing: 10 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Award	$0	+400	+2.6%	$0.000000	16,038	18 Dec 2024	Direct	F1
holding	BWFG	Common Stock						834	18 Dec 2024	Direct	F2
holding	BWFG	Common Stock						1,600	18 Dec 2024	Direct	F3
holding	BWFG	Common Stock						1,200	18 Dec 2024	Direct	F4
holding	BWFG	Common Stock						800	18 Dec 2024	Direct	F5
holding	BWFG	Common Stock						500	18 Dec 2024	Direct	F6
holding	BWFG	Common Stock						1,760	18 Dec 2024	Direct	F7
holding	BWFG	Common Stock						4,303	18 Dec 2024	Law Firm Pension Plan
holding	BWFG	Common Stock						19,129	18 Dec 2024	Deferred Compensation Plan

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

Explanation of Responses:

Id	Content
F1	400 shares of restricted stock granted on December 18, 2024, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 400 vested immediately on December 18, 2024.
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. As of the filing date 1,666 shares have vested.
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 to vest 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 vested 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.