Drexler Blake S 4

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.