Demos Darryl 4

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.