4//SEC Filing
Gruseke Christopher R 4
Accession 0001505732-22-000271
CIK 0001505732other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 4:01 PM ET
Size
11.4 KB
Accession
0001505732-22-000271
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2022-12-15+3,200→ 147,257 total - Tax Payment
Common Stock
2022-12-16$28.71/sh−4,272$122,649→ 142,985 total
Holdings
- 10,000(indirect: By IRA)
Common Stock
- 12,333
Common Stock
- 7,160
Common Stock
- 6,400
Common Stock
Footnotes (7)
- [F1]An additional 3,200 performance based shares were granted and vested on December 15th, 2022 as a result of meeting performance metrics from previously issued grants.
- [F2]62,287 shares reported are owned jointly with spouse.
- [F3]4,272 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total 9,600 shares.
- [F4]This transaction was executed in multiple trades at prices ranging from $28.17 to $29.43. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F5]12,333 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 6,167 of those shares are restricted stock that will vest in three substantially equalannual installments, with the first installment to vest on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 6,166 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
- [F6]10,742 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 5,371 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on January 2, 2022 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 5,371 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 3,582 shares have vested. An additional 716 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
- [F7]32,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 16,000 shares of those shares are restricted stock that will vest as follows: 40% on December 15, 2020, 20% on December 15, 2021, 20% on December 15, 2022 and 20% on December 15, 2023. 16,000 of those shares are performance restricted stock subject to the same vesting schedule above if performance goals are met. As of the transaction date, 25,600 shares have vested. An additional 4,480 performance based shares have been granted and vested as a result of meeting performance metrics.
Documents
Issuer
Bankwell Financial Group, Inc.
CIK 0001505732
Entity typeother
Related Parties
1- filerCIK 0001422086
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 4:01 PM ET
- Size
- 11.4 KB