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Bankwell Financial Group, Inc.·4

May 14, 10:58 AM ET

SEIDMAN LAWRENCE B 4

Research Summary

AI-generated summary

Updated

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.