4//SEC Filing
Gruseke Christopher R 4
Accession 0001505732-23-000053
CIK 0001505732other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 3:00 PM ET
Size
320.3 KB
Accession
0001505732-23-000053
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2023-01-03$28.33/sh−2,799$79,296→ 145,559 total - Award
Common Stock
2023-01-02+1,791→ 148,358 total
Holdings
- 10,000(indirect: By IRA)
Common Stock
- 12,333
Common Stock
- 6,400
Common Stock
- 3,578
Common Stock
Footnotes (7)
- [F1]62,287 shares reported are owned jointly with spouse.
- [F2]1,791 performance based shares were granted and vested on January 2, 2023 as a result of meeting performance metrics from previously issued grants.
- [F3]2,799 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 5,373 shares.
- [F4]Range of reported sale price is $28.21 - $28.59. 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 equal annual 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, 7,164 shares have vested.
- [F7]32,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 16,000 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, 19,200 shares have vested. An additional 1,280 performance based shares were granted and vested on December 15, 2021 as a result of meeting performance metrics.
Issuer
Bankwell Financial Group, Inc.
CIK 0001505732
Entity typeother
Related Parties
1- filerCIK 0001422086
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 3:00 PM ET
- Size
- 320.3 KB