Lawrence B. Seidman - Mar 12, 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Director
Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman
Stock symbol
BWFG
Transactions as of
Mar 12, 2025
Transactions value $
$2,759
Form type
4
Date filed
3/13/2025, 01:30 PM
Previous filing
Mar 7, 2025
Next filing
Jun 9, 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 Purchase $2.76K +95 +3.54% $29.04 2.78K Mar 12, 2025 Deferred Compensation Plan
holding BWFG Common Stock 1.8K Mar 12, 2025 Direct F1
holding BWFG Common Stock 1.07K Mar 12, 2025 Direct F2
holding BWFG Common Stock 800 Mar 12, 2025 Direct F3
holding BWFG Common Stock 400 Mar 12, 2025 Direct F4
holding BWFG Common Stock 178K Mar 12, 2025 By Seidman and Associates, L.L.C.
holding BWFG Common Stock 128K Mar 12, 2025 By Seidman Investment Partnership, L.P.
holding BWFG Common Stock 169K Mar 12, 2025 By Seidman Investment Partnership II, L.P.
holding BWFG Common Stock 105K Mar 12, 2025 By LSBK06-08, L.L.C.
holding BWFG Common Stock 127K Mar 12, 2025 By Broad Park Investors, L.L.C.
holding BWFG Common Stock 19.5K Mar 12, 2025 By Chewy Gooey Cookies, L.P.
holding BWFG Common Stock 15.2K Mar 12, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028.
F2 1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 533 shares have vested.
F3 1,600 shares of restricted stock granted on December 30, 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, 800 shares have vested.
F4 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, 1,200 shares have vested.