Fusaro Angelo G 4

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.