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Filing Details

Accession Number:: 0001505732-23-000158
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-15 14:50:34
Reporting Period:: 2023-05-11

Accepted Time:: 2023-05-15 14:50:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1505732	Bankwell Financial Group Inc.	BWFG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1422086	R Christopher Gruseke	C/O Bankwell Financial Group, Inc. 258 Elm Street New Canaan CT 06840	President & Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-05-11	2,500	$21.88	151,473	No	4	P	Direct
Common Stock	Acquisiton	2023-05-11	2,500	$21.84	12,500	No	4	P	Indirect	IRA

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	IRA

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership
Common Stock	15,543	Direct
Common Stock	8,221	Direct
Common Stock	3,578	Direct
Common Stock	6,400	Direct

Footnotes

64,787 shares reported are owned jointly with spouse.
15,543 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 7,772 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 7,771 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
12,333 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 6,167 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 6,166 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 4,112 shares have vested.
10,742 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 5,371 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on January 2, 2022 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 5,371 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 7,164 shares have vested.
32,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 16,000 of those shares are restricted stock that will vest as follows: 40% on December 15, 2020, 20% on December 15, 2021, 20% on December 15, 2022 and 20% on December 15, 2023. 16,000 of those shares are performance restricted stock subject to the same vesting schedule above if performance goals are met. As of the transaction date, 19,200 shares have vested. An additional 1,280 performance based shares were granted and vested on December 15, 2021 as a result of meeting performance metrics.