Matt McNeill - 07 Feb 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Matt McNeill
Issuer symbol
BWFG
Transactions as of
07 Feb 2025
Net transactions value
-$61,876
Form type
4
Filing time
10 Feb 2025, 14:03:06 UTC
Previous filing
09 Feb 2024
Next filing
11 Feb 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Sale $61,876 -1,908 -4.5% $32.43 40,353 07 Feb 2025 Direct F1, F2
transaction BWFG Common Stock Award $0 +15,000 $0.000000 15,000 07 Feb 2025 Direct F3
holding BWFG Common Stock 7,178 07 Feb 2025 Direct F4
holding BWFG Common Stock 3,729 07 Feb 2025 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,908 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 5,772 shares.
F2 Range of reported sale price is $32.04 - $32.85. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 15,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved.
F4 10,768 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,384 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on February 7, 2025 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 5,384 of those shares are performance restricted stock and may vest when and if the performance goals are achieved. As of the filing date, 2,398 shares vested and 1,192 shares were forfeited.
F5 11,185 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,593 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. 5,592 of those shares are performance restricted stock and may vest when and if the performance goals are achieved. As of the filing date 5,592 shares have vested and 1,864 shares were forfeited.