4//SEC Filing
Sacchetti Courtney E 4
Accession 0001505732-25-000031
CIK 0001505732other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 2:19 PM ET
Size
13.6 KB
Accession
0001505732-25-000031
Insider Transaction Report
Form 4
Sacchetti Courtney E
EVP & Chief Financial Officer
Transactions
- Award
Common Stock
2025-02-07+218→ 218 total - Sale
Common Stock
2025-02-07$32.66/sh−445$14,534→ 2,043 total - Award
Common Stock
2025-02-07+436→ 436 total - Award
Common Stock
2025-02-07+1,308→ 1,308 total
Holdings
- 750
Common Stock
- 186
Common Stock
- 1,958
Common Stock
Footnotes (7)
- [F1]445 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 1,216 shares.
- [F2]1,308 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 654 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2026 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 654 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved.
- [F3]218 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a one year cliff vesting on February 7, 2026 if the performance goals are achieved.
- [F4]436 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a two year cliff vesting on February 7, 2027 if the performance goals are achieved.
- [F5]2,936 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 1,468 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on February 7, 2025 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 1,468 of those shares are performance restricted stock and may vest when and if the performance goals are achieved. As of the filing date, 489 common shares vested and 164 performance shares have vested. 325 performance shares have been forfeited.
- [F6]1,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in four substantially equal annual installments, with the first installment vested on February 7, 2024 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 750 shares have vested.
- [F7]750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in four substantially equal annual installments, with the first installment vested on February 7, 2023 and the second, third and fourth installments to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 564 shares have vested.
Documents
Issuer
Bankwell Financial Group, Inc.
CIK 0001505732
Entity typeother
Related Parties
1- filerCIK 0001956565
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 2:19 PM ET
- Size
- 13.6 KB