McNeill Matt 4
4 · Bankwell Financial Group, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) President Matt McNeill Sells Shares, Receives Awards
What Happened Matt McNeill, President & Chief Banking Officer of Bankwell Financial Group (BWFG), had three transactions on Feb 9, 2026: he was granted 4,860 shares and 1,143 shares (awards), and 3,794 shares were sold (withheld) for tax purposes. The sale generated approximately $189,055 (reported sale price $49.83; reported price range $49.44–$50.21). The grants include restricted and performance-based shares with future vesting conditions.
Key Details
- Transaction date: February 9, 2026; Form 4 filed Feb 11, 2026 (appears timely).
- Grants: 4,860 shares (2022 Stock Plan; F1) and 1,143 shares (vested immediately; F2).
- F1: of the 4,860 shares, 2,430 are restricted (vest in three equal annual installments starting Feb 7, 2027) and 2,430 are performance-restricted (3-year cliff vesting Feb 7, 2029 if goals met).
- F2: 1,143 shares were granted and vested on Feb 9, 2026 (related to 2023/2024 additional performance shares).
- Sale/Withholding: 3,794 shares were withheld and sold through the company-sponsored cashless stock exercise program to cover taxes on vesting of a total of 8,462 shares (F3). Sale price range reported $49.44–$50.21 (F4); reported transaction value ~$189,055.
- Transaction codes: A = award/grant; S = sale/withholding for taxes (routine tax withholding).
- Shares owned after the transactions: not specified in the provided filing.
Context
- The 3,794-share disposition was a cashless sale to cover tax withholding on vesting — a common, routine outcome of equity vesting rather than an active open-market investment decision.
- The larger grant (4,860) contains both time-based restricted stock and performance-based stock that may vest in future years if conditions are met; the 1,143 shares vested immediately.
- No indication in the filing that this was part of a 10b5-1 plan; filing notes the reporting person will provide individual transaction info to the SEC upon request (F4).
Insider Transaction Report
Form 4
McNeill Matt
President & CBO
Transactions
- Award
Common Stock
[F1]2026-02-09+4,860→ 4,860 total - Award
Common Stock
[F2]2026-02-09+1,143→ 48,813 total - Sale
Common Stock
[F3][F4]2026-02-09$49.83/sh−3,794$189,055→ 45,019 total
Holdings
- 3,588
Common Stock
[F5] - 15,000
Common Stock
[F6]
Footnotes (6)
- [F1]4,860 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,430 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. 2,430 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2029 if the performance goal is achieved.
- [F2]1,143 shares were granted and vested on February 9, 2026. These shares were related to 2023 and 2024 additional performance shares.
- [F3]3,794 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 8,462 shares.
- [F4]Range of reported sale price is $49.44 - $50.21. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F5]10,768 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 5,384 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. 5,384 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the vesting date, 1,795 restricted stock shares vested, 1,795 performance based shares vested, and 621 additional performance based shares vested.
- [F6]15,000 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 three year cliff vesting on February 7, 2028 if the performance goals are achieved.
Signature
/s/ Angelo Fusaro, Attorney-in-Fact for Matt McNeill|2026-02-11