Fusaro Angelo G 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Principal Accounting Officer Angelo Fusaro Sells Shares
What Happened
Angelo G. Fusaro, Principal Accounting Officer of Bankwell Financial Group, reported two transactions on 2026-02-09: a sale of 316 common shares in the open market for $49.88 each (total $15,762) and the grant of 414 restricted shares at a $0.00 acquisition price under the 2022 Stock Plan. The 414-share award is restricted stock that will vest in three substantially equal annual installments beginning February 7, 2027. The sale was a routine tax-withholding/cashless transaction tied to vesting, not an independent market sell decision.
Key Details
- Transaction dates and prices: 2026-02-09 — 316 shares sold @ $49.88 ($15,762); 414 shares awarded @ $0.00.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: The 414-share grant vests in three equal annual installments starting 2/7/2027.
- F2: The 316 shares were withheld and sold through the company-sponsored cashless stock exercise program to cover tax liabilities for vesting a total of 852 shares. (This is a withholding/tax-related sale.)
- F3–F5: Fusaro has prior restricted stock grants under the 2022 Plan (1,000-share grant with 750 vested; 750-share grant with 500 vested; 306-share grant with 102 vested) with various vesting schedules.
- Filing timeliness: Report filed 2026-02-10 for 2026-02-09 transactions (timely).
Context
The sale appears to be a routine cashless withholding to satisfy tax obligations on vested restricted shares rather than a discretionary open-market divestiture. The new 414-share award is subject to multi-year vesting, so those shares are not immediately free to trade. For retail investors, purchases are generally more informative about insider sentiment; this report mainly documents standard tax-withholding and ongoing equity compensation.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-09+414→ 414 total - Sale
Common Stock
[F2]2026-02-09$49.88/sh−316$15,762→ 2,273 total
- 250
Common Stock
[F3] - 250
Common Stock
[F4] - 204
Common Stock
[F5]
Footnotes (5)
- [F1]414 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2027 and the second and third installments to vest on each annual anniversary of the vesting date thereafter.
- [F2]316 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 852 shares.
- [F3]1,000 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.
- [F4]750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 250 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. As of the filing date, 500 shares have vested.
- [F5]306 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan 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. As of the filing date, 102 shares have vested.