SEIDMAN LAWRENCE B 4
4 · Bankwell Financial Group, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Lawrence B. Seidman Buys 3,381 Shares
What Happened
Lawrence B. Seidman, a director of Bankwell Financial Group (BWFG), made multiple open-market purchases on June 1, 2026, acquiring a total of 3,381 shares. The trades were executed at prices between $51.85 and $52.04 per share for a combined cost of approximately $175,372. These were purchases (transaction code P), which are insider buys rather than sales.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-02 (timely filing).
- Purchases (by lot): 872 @ $51.85 ($45,213); 564 @ $51.87 ($29,255); 710 @ $51.86 ($36,821); 514 @ $51.87 ($26,661); 542 @ $51.87 ($28,114); 98 @ $52.04 ($5,100); 81 @ $51.95 ($4,208).
- Total shares acquired: 3,381 for ~$175,372; price range $51.85–$52.04.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes (restricted stock grants and vesting):
- F1: 1,455 RSUs granted 2/9/2026 — 485 vest 2/7/2027, 485 vest 2/7/2028, 485 vest 2/7/2029 (none vested yet).
- F2: 1,800 RSUs granted 2/7/2025 — 600 vested (as of filing), remaining 600 vest 2/7/2027 and 600 vest 2/7/2028.
- F3: 1,600 RSUs granted 12/29/2023 — 1,066 vested (as of filing), remaining 534 vest 2/7/2027.
- F4: 1,600 RSUs granted 12/30/2022 under older plan — vesting in four equal annual installments; 1,200 vested (as of filing).
- Transaction type: Open-market purchases (P). No 10b5-1 plan, tax withholding, or late filing flag indicated in the provided data.
Context
Insider purchases are often watched by investors as a signal that insiders are willing to buy company stock, but they do not prove future performance. These were straightforward open-market buys by a director; the filing includes multiple outstanding restricted stock grants with staged vesting schedules. No derivative exercises, gifts, or immediate disposition of the purchased shares were reported in the provided filing.
Insider Transaction Report
- Purchase
Common Stock
2026-06-01$51.85/sh+872$45,213→ 218,756 total(indirect: By Seidman and Associates, L.L.C.) - Purchase
Common Stock
2026-06-01$51.87/sh+564$29,255→ 141,067 total(indirect: By Partnership) - Purchase
Common Stock
2026-06-01$51.86/sh+710$36,821→ 177,280 total(indirect: By Partnership) - Purchase
Common Stock
2026-06-01$51.87/sh+514$26,661→ 128,687 total(indirect: By LSBK06-08, L.L.C.) - Purchase
Common Stock
2026-06-01$51.87/sh+542$28,114→ 135,454 total(indirect: By Broad Park Investors, L.L.C.) - Purchase
Common Stock
2026-06-01$52.04/sh+98$5,100→ 24,619 total(indirect: By Chewy Gooey Cookies, L.P.) - Purchase
Common Stock
2026-06-01$51.95/sh+81$4,208→ 17,463 total
- 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
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.