Porto Carl M 4

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.