Chivily Christine 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) EVP Christine Chivily Sells Shares, Receives Awards
What Happened
- Christine Chivily, EVP & Chief Credit Officer of Bankwell Financial Group (BWFG), had three transactions on 2026-02-09: two award/acquisition entries totaling 2,635 shares (2,054 and 581) reported at $0.00, and a sale of 1,985 shares disposed at $49.80 per share for $98,853. The sale was a withholding/cashless sale to cover taxes related to share vesting (see footnotes).
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 10, 2026 (timely).
- Sale: 1,985 shares sold at a reported price of $49.80 (total $98,853). Footnote reports a price range of $49.38–$50.15 for the sale.
- Awards/acquisitions: 2,054 shares granted under the 2022 Stock Plan (mix of restricted and performance shares with multi-year vesting schedules) and 581 shares that were granted and vested on 2/9/2026 (related to 2023–2025 performance awards).
- Tax withholding: 1,985 shares were withheld and sold through the company’s cashless program to cover the tax liability for vesting a total of 4,232 shares (footnote).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: filed next day (not indicated as late).
Context
- The sale was a tax-withholding/cashless sale (routine), not an open-market disposition intended as an investment signal. The awarded shares include time-based restricted stock and performance-based awards that vest only if/when goals are met, so their eventual ownership depends on future vesting conditions.
Insider Transaction Report
Form 4
Chivily Christine
EVP & Chief Credit Officer
Transactions
- Award
Common Stock
[F1]2026-02-09+2,054→ 2,054 total - Award
Common Stock
[F2]2026-02-09+581→ 18,171 total - Sale
Common Stock
[F3][F4]2026-02-09$49.80/sh−1,985$98,853→ 16,186 total
Holdings
- 1,630
Common Stock
[F5] - 490
Common Stock
[F6] - 1,225
Common Stock
[F7]
Footnotes (7)
- [F1]2,054 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 1,057 of those shares are restricted stock 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. 1,057 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2029 if the performance goal is achieved.
- [F2]581 shares were granted and vested on February 9, 2026. These shares were related to 2023, 2024, and 2025 additional performance shares.
- [F3]Range of reported sale price is $49.38 - $50.15. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F4]1,985 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 4,232 shares.
- [F5]4,894 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,447 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2025 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,447 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
- [F6]490 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.
- [F7]1,470 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 735 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. 735 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved. As of the vesting date, 245 shares have vested.
Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Christine Chivily|2026-02-10