Demos Darryl 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Darryl Demos Receives Restricted Shares
What Happened
Darryl Demos, a director of Bankwell Financial Group, was granted 1,455 restricted shares on February 9, 2026 (transaction code A — award/grant). The shares were issued at $0.00 (a standard equity award/compensation grant), so no cash changed hands. The award vests in three equal tranches of 485 shares each on Feb 7 of 2027, 2028 and 2029.
Key Details
- Transaction date and price: 2026-02-09, 1,455 shares at $0.00 (award).
- Vesting for this grant: 485 shares vest on Feb 7, 2027; 485 on Feb 7, 2028; 485 on Feb 7, 2029.
- Prior restricted stock grants shown in the filing:
- 1,600 shares (Dec 30, 2022) — 1,200 vested as of filing (400 unvested).
- 1,600 shares (Dec 29, 2023) — 1,066 vested as of filing (534 unvested).
- 1,800 shares (Feb 7, 2025) — 600 vested as of filing (1,200 unvested).
- Based on these footnotes, the Form 4 shows a total of 6,455 restricted shares across four grants (2,866 vested and 3,589 unvested, including the new 1,455). The Form 4 provided does not state total beneficial ownership across all holdings or other securities.
- Filing timeliness: Reported on 2026-02-10 for a 2026-02-09 transaction (filed within the Section 16 reporting window — timely).
- Transaction code: A = Award/Grant of restricted stock.
Context
Restricted stock awards are compensation subject to vesting and typically cannot be sold or transferred until they vest; they are not an open-market purchase or sale. Such grants reflect company compensation policy and are not a direct buy signal; vested shares become free to sell (subject to any company policies or blackout periods) once vesting conditions are met.
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] - 11,456
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 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.