Drexler Blake S 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Blake Drexler Receives Restricted Stock
What Happened Blake S. Drexler, a director of Bankwell Financial Group, was granted 1,455 restricted shares on February 9, 2026. The shares were issued at $0.00 (reported value $0) as an award under the company's stock plan—this is a compensation grant, not a market purchase or sale.
Key Details
- Transaction date: 2026-02-09; reported on Form 4 filed 2026-02-10 (no late filing indicated).
- Reported consideration: $0.00 per share (award/grant).
- Vesting for the 1,455-share grant: 485 shares vest on Feb 7, 2027; 485 on Feb 7, 2028; and 485 on Feb 7, 2029 (see footnote F1).
- Beneficial ownership after the grant: filing details imply approximately 62,545 shares beneficially owned following this transaction (this sum = 58,224 family-held shares noted in the filing + 2,866 vested shares from prior grants + the 1,455 newly awarded shares). The filing explicitly notes 58,224 shares are held by family members under his effective control (footnote F5).
- Other restricted-share context in the filing: prior grants include 1,600 shares (Dec 30, 2022; 1,200 vested as of filing, F2), 1,600 shares (Dec 29, 2023; 1,066 vested as of filing, F3), and 1,800 shares (Feb 7, 2025; 600 vested as of filing, F4).
Context This was a standard restricted stock award as part of director compensation. Awards are issued with time-based vesting and do not represent an immediate market buy or sell; they typically align with retention or compensation plans rather than short-term trading. The filing shows no indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding sale associated with this grant.
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] - 1,128(indirect: By 401(k))
Common Stock
- 58,224(indirect: Exercises Control)
Common Stock
[F5] - 36,827(indirect: Deferred Compensation Plan)
Common Stock
- 160,861
Common Stock
Footnotes (5)
- [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 30, 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.
- [F5]Includes 58,224 shares that are held by family members over which he exercises effective control.