Sacchetti Courtney E 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) CFO Courtney Sacchetti Receives Awards, Sells Shares
What Happened
- Courtney E. Sacchetti, Chief Financial Officer of Bankwell Financial Group (BWFG), received equity awards and completed a sale on February 9, 2026. She was granted 1,994 shares under the 2022 Stock Plan and 245 shares that vested immediately (total grants = 2,239 shares). Separately, 1,062 shares were sold in an open market/private sale for reported prices in the $49.47–$50.21 range (reported average price listed as $49.79), yielding about $52,877.
- The filing states the 1,062-share sale was a withholding/sale through the company’s cashless program to cover tax liabilities arising from vesting (routine tax withholding rather than a discretionary market sale).
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 10, 2026 (filed timely).
- Grants: 1,994 shares (2022 Stock Plan) and 245 shares (vested 2/9/2026) — total 2,239 shares granted/vested per filing.
- Of the 1,994-share grant: 997 restricted shares vest in three equal annual installments beginning 2/7/2027; 997 are performance-restricted with a three‑year cliff vesting on 2/7/2029 if performance goals are met. (See footnote F1.)
- The 245 shares were granted and vested on 2/9/2026 related to 2024 and 2025 additional performance shares (footnote F2).
- Sale: 1,062 shares sold; reported sale price range $49.47–$50.21; reported proceeds about $52,877 (footnote F3). Footnote F4 states the 1,062 shares were withheld/sold to cover taxes for vesting of 2,220 shares.
- Shares owned after transaction: total beneficial ownership is not stated in the provided excerpt of the filing.
- Transaction codes: A = Award/Grant, S = Sale; withholding sale for taxes (routine).
Context
- This was primarily a grant/vesting event with a simultaneous tax-withholding sale (cashless sell to cover withholding). Such withholding sales are routine and do not necessarily signal a change in the insider’s view of the company.
- Grants include both time-based restricted stock (scheduled installment vesting) and performance-restricted stock (cliff vesting if goals are met), so some shares may not vest unless performance conditions are satisfied.
Insider Transaction Report
Form 4
Sacchetti Courtney E
EVP & Chief Financial Officer
Transactions
- Award
Common Stock
[F1]2026-02-09+1,994→ 1,994 total - Award
Common Stock
[F2]2026-02-09+245→ 4,263 total - Sale
Common Stock
[F3][F4]2026-02-09$49.79/sh−1,062$52,877→ 3,201 total
Holdings
- 375
Common Stock
[F5] - 980
Common Stock
[F6] - 436
Common Stock
[F7] - 1,090
Common Stock
[F8]
Footnotes (8)
- [F1]1,994 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 997 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. 997 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2029 if the performance goal is achieved.
- [F2]245 shares were granted and vested on February 9, 2026. These shares were related to 2024 and 2025 additional performance shares.
- [F3]Range of reported sale price is $49.47 - $50.21. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F4]1,062 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 2,220 shares.
- [F5]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, 1,125 shares have vested.
- [F6]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 to vest 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 goal is achieved. As of the filing date, 978 common shares vested and 653 performance shares have vested. 325 performance shares have been forfeited.
- [F7]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.
- [F8]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. As of the vesting date, 218 shares have vested. 654 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goal is achieved.
Signature
/s/ Courtney E. Sacchetti|2026-02-10