McNeill Matt 4

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).