X0306 4 2018-02-20 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001665699 Chivily Christine C/O BANKWELL FINANCIAL GROUP, INC. 208 ELM STREET NEW CANAAN CT 06840 0 1 0 0 EVP & Chief Credit Officer Common Stock 1400 D Common Stock 1104 D Common Stock 6097 D Common Stock 2018-02-20 4 A 0 750 0 A 750 D Common Stock 2018-02-20 4 A 0 750 0 A 750 D 10,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 3,500 of those shares are restricted stock that will vest in five equal annual installments of 20%, with the first installment to vest on December 1, 2015 and an additional 20% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 2,100 Shares have vested. 2,210 of those shares are restricted stock that will vest in four equal annual installments of 25%, with the first installment to vest on December 1, 2016 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 1,106 Shares have vested. 4,290 of those shares are performance restricted stock and may vest when and if the performance goals are achieved, but in any event no later than December 1, 2019. As of the Transaction Date, all 4,290 Performance Shares have vested. 1,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 750 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. 750 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. Christine Chivily by POA 2018-02-22