SEIDMAN LAWRENCE B 4/A
4/A · Bankwell Financial Group, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Lawrence Seidman Buys 10,000 Shares
What Happened
- Lawrence B. Seidman, a director of Bankwell Financial Group, acquired a total of 10,000 shares in multiple open-market purchases on February 23, 2026. The buys were executed in six tranches at prices between $47.39 and $47.42, costing approximately $473,963 in aggregate. These are purchases (insider buys), which some investors view as a positive (but not conclusive) signal.
Key Details
- Transaction date: February 23, 2026 (reported via an amended Form 4 filed Feb 26, 2026).
- Trades (shares @ price): 4,068 @ $47.39; 1,261 @ $47.40; 760 @ $47.41; 2,456 @ $47.39; 917 @ $47.41; 538 @ $47.42. Total = 10,000 shares for ~$473,963.
- Transaction code: P = open market purchase. (F1 notes the original Feb 24 filing incorrectly used code "S"; this filing corrects it.)
- Shares owned after the transaction: not specified in this amended Form 4.
- Filing/Amendments: This is an amended filing. Footnotes indicate the original Form 4 was filed Feb 24, 2026 and subsequent amendments corrected omitted shares and the transaction code.
- Notable footnotes on equity holdings: several restricted stock grants are disclosed with vesting schedules — e.g., 1,455 shares granted Feb 9, 2026 (vesting 2027–2029), 1,800 granted Feb 7, 2025 (600 vested), 1,600 granted Dec 29, 2023 (1,066 vested), and 1,600 granted Dec 30, 2022 (1,200 vested). (See F2–F6.)
Context
- These were straightforward open-market purchases (no options exercised, no gifts, no 10b5-1 plan noted).
- Purchases by directors can be interpreted as an insider adding to holdings, but they do not by themselves prove future performance.
- The Form 4 was amended to correct reporting details; timing appears to be a near-term correction rather than a late disclosure.
Insider Transaction Report
Form 4/AAmended
SEIDMAN LAWRENCE B
Director
Transactions
- Purchase
Common Stock
[F1]2026-02-23$47.39/sh+4,068$192,783→ 199,219 total(indirect: By Seidman and Associates, L.L.C.) - Purchase
Common Stock
[F1]2026-02-23$47.40/sh+1,261$59,771→ 134,849 total(indirect: By Partnership) - Purchase
Common Stock
[F1]2026-02-23$47.41/sh+760$36,032→ 173,114 total(indirect: By Partnership) - Purchase
Common Stock
[F1]2026-02-23$47.39/sh+2,456$116,390→ 117,045 total(indirect: By LSBK06-08, L.L.C.) - Purchase
Common Stock
[F1]2026-02-23$47.41/sh+917$43,475→ 130,758 total(indirect: By Broad Park Investors, L.L.C.) - Purchase
Common Stock
[F1]2026-02-23$47.42/sh+538$25,512→ 22,057 total(indirect: By Chewy Gooey Cookies, L.P.)
Holdings
- 1,455
Common Stock
[F2] - 1,200
Common Stock
[F3] - 534
Common Stock
[F4][F5] - 400
Common Stock
[F6] - 4,151(indirect: Deferred Compensation Plan)
Common Stock
- 17,346
Common Stock
Footnotes (6)
- [F1]On the originally filed Form 4 on February 24, 2026, Field 3 in Table I (transaction code) inadvertently had a code "S", which represents an "open market or private sale of non-derivative or derivative security". This field should have been coded "P", which represents "open market or private purchase of non-derivative or derivative security".
- [F2]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.
- [F3]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.
- [F4]These shares were inadvertently omitted from the original Form 4 filing on February 24, 2026. A Form 4 amended filing on February 24, 2026 reflected these shares.
- [F5]1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 1,066 shares have vested.
- [F6]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|2026-02-26