Porto Carl M 4
4 · Bankwell Financial Group, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Bankwell Financial (BWFG) Director Carl M. Porto Buys 393 Shares
What Happened
Carl M. Porto, a director of Bankwell Financial Group, bought 393 shares in an open-market purchase on March 6, 2026 at $46.00 per share, for a total of $18,078. This was a purchase (often interpreted as a bullish signal relative to sales), not a sale or option exercise.
Key Details
- Transaction date and price: 2026-03-06 — 393 shares at $46.00 ($18,078 total). Transaction code: P (purchase).
- Filing date: 2026-03-09 (filed within the SEC’s two-business-day reporting window — timely).
- Restricted stock grants reported in the filing:
- F1: 1,600 shares granted 12/31/2022 — 1,200 vested as of filing (400 unvested).
- F2: 1,600 shares granted 12/29/2023 — 1,066 vested as of filing (534 unvested).
- F3: 1,800 shares granted 2/7/2025 — 600 vested as of filing (1,200 unvested).
- F4: 1,455 shares granted 2/9/2026 — none vested as of filing (all unvested).
- Totals from grants: 6,455 restricted shares awarded across four grants, with 2,866 vested as of the filing date.
- Shares owned after transaction (per filing data): after acquiring 393 shares, Porto holds at least 2,866 vested restricted shares + the 393 purchased = 3,259 vested/owned shares; including all restricted (vested + unvested) the purchased shares bring the total restricted + purchased balance to 6,848. (Filings may not reflect other holdings outside these grants.)
- No mention of a 10b5-1 plan, tax withholding, or that the shares were sold immediately — this was a straightforward open-market purchase.
Context
- Purchases by officers/directors can be more informative than sales because they represent out-of-pocket buying. This filing documents a modest director purchase; it does not prove future performance.
- The filing lists multiple restricted stock awards with staggered vesting dates — many shares remain unvested and will vest in future years per the schedules above.
Insider Transaction Report
Form 4
Porto Carl M
Director
Transactions
- Purchase
Common Stock
2026-03-06$46.00/sh+393$18,078→ 21,700 total(indirect: Deferred Compensation Plan)
Holdings
- 400
Common Stock
[F1] - 534
Common Stock
[F2] - 1,200
Common Stock
[F3] - 1,455
Common Stock
[F4] - 4,303(indirect: Law Firm Pension Plan)
Common Stock
- 22,398
Common Stock
Footnotes (4)
- [F1]1,600 shares of restricted stock granted on December 31, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,200 shares have vested.
- [F2]1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 1,066 shares have vested.
- [F3]1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028. As of the filing date, 600 shares have vested.
- [F4]1,455 shares of restricted stock granted on February 9, 2026, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 485 to vest on February 7, 2027. 485 will vest on February 7, 2028 and 485 will vest on February 7, 2029.
Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Carl M. Porto|2026-03-09