Brunner Steven H 4
4 · Bankwell Financial Group, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) EVP Steven Brunner Receives Awards, Sells Shares
What Happened
- Steven H. Brunner, Executive Vice President & Chief Risk Officer of Bankwell Financial Group (BWFG), received a total of 2,076 shares as awards and had 1,876 shares sold/withheld on February 9, 2026. The sale generated approximately $93,519 (reported sale price $49.85/share; reporting range $49.52–$50.26).
- The 2,076 awarded shares consist of 1,558 shares granted under the 2022 Stock Plan (split into 779 time‑based restricted shares and 779 performance restricted shares) and 518 shares that vested immediately and relate to additional performance shares for 2023–2025. The 1,876 shares were withheld and sold through the company’s cashless stock program to cover tax liability for vesting a total of 3,717 shares.
Key Details
- Transaction date: February 9, 2026. Report filed February 10, 2026 (timely).
- Sale: 1,876 shares disposed; reported price $49.85/share; gross proceeds reported ~$93,519 (price range disclosed $49.52–$50.26).
- Awards: 1,558 shares granted (779 time‑based restricted, 779 performance restricted with multi‑year vesting/ cliffs); 518 shares granted and vested on Feb 9, 2026.
- Reason for sale: tax withholding via company cashless stock exercise program (withheld/sold to cover taxes on vesting of 3,717 shares).
- Shares owned after the transaction: not specified in the Form 4 filing.
- Transaction codes: A = Award/Grant; S = Sale (withholding for taxes).
Context
- This activity appears compensation‑related (awards and tax withholding). The sale was not an open‑market discretionary sell by the insider but part of the company’s cashless withholding to satisfy tax obligations on vested shares.
- Such awards and withholding sales are routine for executives receiving equity compensation and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Brunner Steven H
EVP & Chief Risk Officer
Transactions
- Award
Common Stock
[F1]2026-02-09+1,558→ 1,558 total - Award
Common Stock
[F2]2026-02-09+518→ 5,265 total - Sale
Common Stock
[F3][F4]2026-02-09$49.85/sh−1,876$93,519→ 3,389 total
Holdings
- 1,630
Common Stock
[F5] - 498
Common Stock
[F6] - 1,244
Common Stock
[F7]
Footnotes (7)
- [F1]1,558 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 779 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2027 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 779 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2029 if the performance goal is achieved.
- [F2]518 shares were granted and vested on February 9, 2026. These shares were related to 2023, 2024, and 2025 additional performance shares.
- [F3]Range of reported sale price is $49.52 - $50.26. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F4]1,876 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 3,717 shares.
- [F5]4,894 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,447 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2025 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 2,447 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the filing date, 1,632 restricted shares have vested, 816 performance shares vested, and 542 performance shares have been forfeited. 282 additional performance shares vested.
- [F6]498 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a two year cliff vesting on February 7, 2027 if the performance goals are achieved.
- [F7]1,493 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 746 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2026 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 746 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved. As of the vesting date, 249 shares have vested.
Signature
/s/ Steven H. Brunner|2026-02-10