X0306 4 2018-02-20 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001718796 Waitz Laura C/O BANKWELL FINANCIAL GROUP, INC. 208 ELM STREET NEW CANAAN CT 06840 0 1 0 0 EVP & Chief of Staff Common Stock 7500 D Common Stock 2018-02-20 4 A 0 1500 0 A 1500 D Common Stock 2018-02-20 4 A 0 1500 0 A 1500 D 7,500 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on August 31, 2018 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. 3,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 1,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2019 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 1,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. /s/ Laura Waitz by POA 2018-02-22