Steven H. Brunner - Apr 30, 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Signature
/s/ Steven H. Brunner
Stock symbol
BWFG
Transactions as of
Apr 30, 2025
Transactions value $
-$26,922
Form type
4
Date filed
5/1/2025, 11:34 AM
Previous filing
Mar 17, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Sale -$26.9K -807 -34.27% $33.36 1.55K Apr 30, 2025 Direct
holding BWFG Common Stock 1.49K Apr 30, 2025 Direct F1
holding BWFG Common Stock 249 Apr 30, 2025 Direct F2
holding BWFG Common Stock 498 Apr 30, 2025 Direct F3
holding BWFG Common Stock 3.26K Apr 30, 2025 Direct F4
holding BWFG Common Stock 666 Apr 30, 2025 Direct F5
holding BWFG Common Stock 536 Apr 30, 2025 Direct F6
holding BWFG Common Stock 533 Apr 30, 2025 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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 vested 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, 1,090 shares have vested and 542 performance shares have been forfeited.
F5 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.
F6 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.
F7 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.