0001505732-24-000069.txt : 20240319 0001505732-24-000069.hdr.sgml : 20240319 20240319093525 ACCESSION NUMBER: 0001505732-24-000069 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240315 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brunner Steven H CENTRAL INDEX KEY: 0002009787 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36448 FILM NUMBER: 24761285 MAIL ADDRESS: STREET 1: 258 ELM STREET CITY: NEW CANAAN STATE: CT ZIP: 06840 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bankwell Financial Group, Inc. CENTRAL INDEX KEY: 0001505732 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 208251355 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 208 ELM STREET CITY: NEW CANAAN STATE: CT ZIP: 06840 BUSINESS PHONE: (203) 972-3838 MAIL ADDRESS: STREET 1: 208 ELM STREET CITY: NEW CANAAN STATE: CT ZIP: 06840 FORMER COMPANY: FORMER CONFORMED NAME: BNC Financial Group, Inc. DATE OF NAME CHANGE: 20101115 4 1 wk-form4_1710855315.xml FORM 4 X0508 4 2024-03-15 0 0001505732 Bankwell Financial Group, Inc. BWFG 0002009787 Brunner Steven H C/O BANKWELL FINANCIAL GROUP, INC 258 ELM STREET NEW CANAAN CT 06840 0 1 0 0 EVP & Chief Risk & Operations 0 Common Stock 2024-03-15 4 F 0 456 25.17 D 4026 D Common Stock 4894 D Common Stock 1333 D Common Stock 3728 D Common Stock 1261 D Common Stock 1070 D Common Stock 1068 D 456 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 1,261 shares. Range of reported sale price is $25.17 - $25.25. Reporting person agrees to provide individual transaction information to SEC upon request. 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. 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 transaction date, 667 shares have vested. 7,457 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 two substantially equal annual installments, with the first installment vested on December 15, 2023 and the second on December 15, 2024. As of the transaction date, 3,729 shares have vested. 2,522 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 two substantially equal annual installments, with the first installment vested on March 15, 2024 and the second on March 15 , 2025. As of the transaction date, 1,261 shares have vested. 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 transaction date, 534 shares have vested. 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 transaction date, 535 shares have vested. /s/ Courtney E. Sacchetti, Attorney-in-Fact for Steven H. Brunner 2024-03-19