Dale Eric J 4

What Happened
Dale Eric J, a director of Bankwell Financial Group, purchased 612 shares in an open-market transaction on March 6, 2026 at $46.00 per share, for a total of $28,152. This was a straightforward purchase (transaction code P) rather than a sale or option exercise.

Key Details

• Transaction date and price: 2026-03-06, 612 shares at $46.00 each (total ≈ $28,152).
• Filing: Form 4 filed 2026-03-09 (timely — within the required two business days).
• Shares owned / restricted stock status: per the filing footnotes, as of the filing date Dale had the following restricted stock vesting status:
  • Grant (Dec 30, 2022): 1,600 shares total; 1,200 vested (400 unvested). (F1)
  • Grant (Dec 29, 2023): 1,600 shares total; 1,066 vested, 534 unvested. (F2)
  • Grant (Feb 7, 2025): 1,800 shares total; 600 vested, 1,200 unvested. (F3)
  • Grant (Feb 9, 2026): 1,455 shares total; none vested as of filing; vesting begins Feb 7, 2027. (F4)
  • Combining the newly purchased 612 shares with the 2,866 vested restricted shares noted in the footnotes implies at least 3,478 vested/owned shares referenced in the filing (this does not account for any other holdings not disclosed here).
• No 10b5-1 plan, tax-withholding, or option exercise was reported in this filing.

Context
Open-market purchases by directors are often watched by retail investors as a direct buy of company stock (as opposed to awards or option exercises). This filing reports a routine open-market acquisition and multiple prior/ongoing restricted stock grants with staged vesting schedules — the filing does not provide any explanation for the purchase.