SEIDMAN LAWRENCE B 4
4 · Bankwell Financial Group, Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Bankwell Financial (BWFG) Director Lawrence B. Seidman Sells Shares
What Happened Lawrence B. Seidman, a director of Bankwell Financial Group, Inc. (BWFG), sold a total of 10,000 shares in multiple open-market transactions on February 23, 2026. The sales occurred at prices between $47.39 and $47.42 per share, generating aggregate proceeds of approximately $473,963. These were outright sales (transaction code S), not option exercises or awards.
Key Details
- Transaction date: February 23, 2026 (filed on February 24, 2026 — filed next day, within typical Form 4 timing requirements).
- Trades (all open-market sales):
- 4,068 shares @ $47.39 = $192,783
- 1,261 shares @ $47.40 = $59,771
- 760 shares @ $47.41 = $36,032
- 2,456 shares @ $47.39 = $116,390
- 917 shares @ $47.41 = $43,475
- 538 shares @ $47.42 = $25,512
- Total shares sold: 10,000; total proceeds: ~$473,963.
- Post-transaction beneficial ownership: not provided in the data you supplied (see the full Form 4 for holdings after these dispositions).
- Footnotes on existing awards:
- F1: 1,455 restricted shares granted 2/9/2026 (vesting 485 each on 2/7/2027–2029).
- F2: 1,800 restricted shares granted 2/7/2025 (600 vested; remaining vest 600 on 2/7/2027 and 600 on 2/7/2028).
- F3: 1,600 restricted shares granted 12/30/2022 (1,200 vested as of filing; vesting schedule in annual 25% installments).
Context
- These were open-market sales (S = sale) rather than purchases or option exercises. Sales by insiders can be routine (portfolio rebalancing, tax needs, etc.) and do not by themselves indicate company-specific problems or confidence levels.
- No indication in the provided summary of a 10b5-1 plan, tax-withholding share-forfeiture, or gift; the filing appears to report standard open-market dispositions.
- For complete context (current ownership, any 10b5-1 plan or other notes), check the full Form 4 filing (Accession: 0001026081-26-000006).
Insider Transaction Report
Form 4
SEIDMAN LAWRENCE B
Director
Transactions
- Sale
Common Stock
2026-02-23$47.39/sh+4,068$192,783→ 199,219 total(indirect: By Seidman and Associates, L.L.C.) - Sale
Common Stock
2026-02-23$47.40/sh+1,261$59,771→ 134,849 total(indirect: By Partnership) - Sale
Common Stock
2026-02-23$47.41/sh+760$36,032→ 173,114 total(indirect: By Partnership) - Sale
Common Stock
2026-02-23$47.39/sh+2,456$116,390→ 117,045 total(indirect: By LSBK06-08, L.L.C.) - Sale
Common Stock
2026-02-23$47.41/sh+917$43,475→ 130,758 total(indirect: By Broad Park Investors, L.L.C.) - Sale
Common Stock
2026-02-23$47.42/sh+538$25,512→ 22,057 total(indirect: By Chewy Gooey Cookies, L.P.)
Holdings
- 1,455
Common Stock
[F1] - 1,200
Common Stock
[F2] - 400
Common Stock
[F3] - 4,151(indirect: Deferred Compensation Plan)
Common Stock
- 17,346
Common Stock
Footnotes (3)
- [F1]1,455 shares of restricted stock granted on February 9, 2026, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 485 to vest on February 7, 2027. 485 will vest on February 7, 2028 and 485 will vest on February 7, 2029.
- [F2]1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028. As of the filing date, 600 shares have vested.
- [F3]1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vesting on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,200 shares have vested.
Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman|2026-02-24