Leitao Kevin D 4

What Happened
Kevin D. Leitao, a director of Bankwell Financial Group, was granted 1,455 restricted shares on February 9, 2026 (transaction code A, reported at $0.00). The award is restricted stock — not an open‑market purchase — and vests in three equal annual tranches of 485 shares on February 7 of 2027, 2028 and 2029.

Key Details

• Transaction date and price: 2026-02-09, grant reported at $0.00 per share (award).
• Vesting: 1,455 shares total — 485 vest 2/7/2027, 485 vest 2/7/2028, 485 vest 2/7/2029 (footnote F1).
• Prior grant noted: 1,800 restricted shares granted 2/7/2025 (footnote F2); 600 of those vested on 2/7/2026 and 600 remain scheduled to vest in 2027 and 2028. As of the filing date, 600 shares from the 2025 grant have vested.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Report covers 2026-02-09 and was filed 2026-02-10 (filed promptly); transaction code A = award/grant.

Context
Restricted stock awards are compensation and subject to vesting and potential forfeiture until vested; they involve no out‑of‑pocket purchase by the insider. Such awards are routine executive/director compensation and do not necessarily signal immediate insider buying or selling intent.