Porto Carl M 4

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.