Chivily Christine 4

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.