SEIDMAN LAWRENCE B 4
4 · Bankwell Financial Group, Inc. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Lawrence Seidman Buys 1,930 Shares
What Happened
Director Lawrence B. Seidman made multiple open-market purchases of Bankwell Financial Group (BWFG) common stock on May 13, 2026, acquiring a total of 1,930 shares for aggregate cash consideration of $96,710 (average price ≈ $50.12/share). All reported transactions are coded P (purchase), indicating buys rather than sales or option exercises.
Key Details
- Transaction date: May 13, 2026 (reported on Form 4 filed May 14, 2026). Not marked late.
- Individual trades reported:
- 810 shares @ $50.07 = $40,557
- 200 shares @ $50.14 = $10,028
- 149 shares @ $50.18 = $7,477
- 488 shares @ $50.09 = $24,444
- 179 shares @ $50.16 = $8,979
- 104 shares @ $50.24 = $5,225
- Total: 1,930 shares purchased for $96,710 (avg ≈ $50.12/share).
- Shares owned after transaction: Not specified in the information provided in your prompt (the filing excerpt did not show total beneficial ownership following these purchases).
- Footnotes (restricted stock grants disclosed in the filing):
- F1: 1,455 RSUs granted Feb 9, 2026 (485 vesting each Feb 7 in 2027, 2028, 2029). None vested as of filing.
- F2: 1,800 RSUs granted Feb 7, 2025 (600 vested by filing; 600 vest 2/7/27; 600 vest 2/7/28).
- F3: 1,600 RSUs granted Dec 29, 2023 (1,066 vested as of filing; 534 remain unvested).
- F4: 1,600 RSUs granted Dec 30, 2022 (1,200 vested as of filing; 400 remain unvested).
- Combined from footnotes: 4,955 RSUs granted, with 2,866 vested and 3,589 still unvested across the grants (as described in the filing).
- Transaction code: P = Purchase (open market/private purchase). No 10b5-1 or tax-withholding codes were indicated in the provided excerpt.
Context
These were straightforward open-market purchases (not option exercises, awards, or gifts). Purchases by company insiders are often watched by investors as a potential positive signal, but they do not prove future company performance. The filing shows prior restricted stock awards and vesting schedules, which are separate from these cash purchases.
Insider Transaction Report
- Purchase
Common Stock
2026-05-13$50.07/sh+810$40,557→ 217,714 total(indirect: By Seidman and Associates, L.L.C.) - Purchase
Common Stock
2026-05-13$50.14/sh+200$10,028→ 140,503 total(indirect: By Partnership) - Purchase
Common Stock
2026-05-13$50.18/sh+149$7,477→ 176,570 total(indirect: By Partnership) - Purchase
Common Stock
2026-05-13$50.09/sh+488$24,444→ 128,173 total(indirect: By LSBK06-08, L.L.C.) - Purchase
Common Stock
2026-05-13$50.16/sh+179$8,979→ 134,912 total(indirect: By Broad Park Investors, L.L.C.) - Purchase
Common Stock
2026-05-13$50.24/sh+104$5,225→ 24,521 total(indirect: By Chewy Gooey Cookies, L.P.)
- 1,455
Common Stock
[F1] - 1,200
Common Stock
[F2] - 534
Common Stock
[F3] - 400
Common Stock
[F4] - 4,521(indirect: Deferred Compensation Plan)
Common Stock
- 17,382
Common Stock
Footnotes (4)
- [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 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.
- [F4]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.