Steven H. Brunner - 02 Sep 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Steven H. Brunner
Issuer symbol
BWFG
Transactions as of
02 Sep 2025
Net transactions value
-$10,180
Form type
4
Filing time
02 Sep 2025, 11:04:32 UTC
Previous filing
01 May 2025
Next filing
12 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brunner Steven H EVP & Chief Risk Officer C/O BANKWELL FINANCIAL GROUP, INC, 258 ELM STREET, NEW CANAAN /s/ Steven H. Brunner 02 Sep 2025 0002009787

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Sale $10,180 -245 -11% $41.55 1,969 02 Sep 2025 Direct F1, F2
holding BWFG Common Stock 1,493 02 Sep 2025 Direct F3
holding BWFG Common Stock 249 02 Sep 2025 Direct F4
holding BWFG Common Stock 498 02 Sep 2025 Direct F5
holding BWFG Common Stock 3,262 02 Sep 2025 Direct F6
holding BWFG Common Stock 536 02 Sep 2025 Direct F7
holding BWFG Common Stock 533 02 Sep 2025 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 245 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 666 shares.
F2 Range of reported sale price is $41.54 - $41.56. Reporting person agrees to provide individual transaction information to SEC upon request.
F3 1,493 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 746 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2026 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 746 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved.
F4 249 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 one year cliff vesting on February 7, 2026 if the performance goals are achieved.
F5 498 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 two year cliff vesting on February 7, 2027 if the performance goals are achieved.
F6 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. As of the filing date, 816 shares have vested and 542 performance shares have been forfeited.
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. As of the filing date, 1,068 shares have vested.
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. As of the filing date, 535 shares have vested and 535 performance shares have been forfeited.