Porto Carl M 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Carl M. Porto Receives Restricted Stock Award
What Happened Carl M. Porto, a director of Bankwell Financial Group, was granted 1,455 shares of restricted stock (transaction code A) on February 9, 2026. The award was issued at $0.00 per share (no cash paid) and is compensation rather than an open-market purchase or sale. The grant vests in three equal installments of 485 shares on Feb 7 of 2027, 2028 and 2029.
Key Details
- Transaction date: 2026-02-09; Form 4 filed: 2026-02-10 (timely).
- Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
- New grant: 1,455 restricted shares with 485 shares vesting on each of Feb 7, 2027, 2028 and 2029.
- Other outstanding grants reported in the filing:
- 1,600 shares (granted 12/31/2022): 1,200 vested, 400 unvested.
- 1,600 shares (granted 12/29/2023): 1,066 vested, 534 unvested.
- 1,800 shares (granted 2/7/2025): 600 vested, 1,200 unvested.
- Aggregate from these grants: 6,455 shares total — 2,866 vested and 3,589 unvested as of the filing date.
- Filing shows no sale or purchase of shares; this is a compensation grant (not a 10b5-1 trade or gift).
Context Restricted stock awards are a form of compensation that typically vest over time and do not require cash outlay by the insider. Such grants signal management compensation but should not be interpreted as an immediate market buy or sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-09+1,455→ 1,455 total
- 400
Common Stock
[F2] - 534
Common Stock
[F3] - 1,200
Common Stock
[F4] - 4,303(indirect: Law Firm Pension Plan)
Common Stock
- 21,307(indirect: Deferred Compensation Plan)
Common Stock
- 22,398
Common Stock
Footnotes (4)
- [F1]1,455 shares of restricted stock granted on February 9, 2026, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 485 to vest on February 7, 2027. 485 will vest on February 7, 2028 and 485 will vest on February 7, 2029.
- [F2]1,600 shares of restricted stock granted on December 31, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,200 shares have vested.
- [F3]1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 1,066 shares have vested.
- [F4]1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028. As of the filing date, 600 shares have vested.