Chivily Christine 4
4 · Bankwell Financial Group, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) EVP Christine Chivily Sells 4,321 Shares
What Happened Christine Chivily, EVP and Chief Credit Officer of Bankwell Financial Group (BWFG), reported a sale of 4,321 shares on May 1, 2026 at $52.16 per share, generating proceeds of approximately $225,383. The Form 4 lists the transaction as a sale (code S) via open market or private sale.
Key Details
- Transaction date and price: May 1, 2026 — 4,321 shares sold at $52.16 each (≈ $225,383 total).
- Transaction type: Sale (S) — open market or private sale per filing.
- Shares owned after transaction: Not specified in the supplied filing details.
- Filing date: May 4, 2026 (reports the May 1 transaction). The filing did not indicate a 10b5-1 plan or tax-withholding share-forfeiture in the provided notes.
- Notable footnotes (unvested/award details disclosed in the filing):
- F1: 2,054 shares granted under 2022 Stock Plan — 1,057 restricted (vests in three annual installments starting Feb 7, 2027) and 1,057 performance RSUs (cliff vest Feb 7, 2029 if performance achieved).
- F2: 4,894 shares granted under 2022 Stock Plan — 2,447 restricted (three annual installments starting Feb 7, 2025) and 2,447 performance RSUs (may vest if performance goal met).
- F3: 490 performance RSUs (two‑year cliff vest on Feb 7, 2027 if goals achieved).
- F4: 1,470 shares granted under 2022 Stock Plan — 735 restricted (three annual installments starting Feb 7, 2026; 245 shares already vested) and 735 performance RSUs (cliff vest Feb 7, 2028 if goals achieved).
Context
- Sales by executives can be routine (diversification, tax planning, liquidity) and do not necessarily reflect a change in outlook on the company; purchases generally carry more weight as a bullish signal.
- The filing shows only this sale; no exercise of options, gift, or tax-withholding sale was indicated in the provided notes.
Insider Transaction Report
Form 4
Chivily Christine
EVP & Chief Credit Officer
Transactions
- Sale
Common Stock
2026-05-01$52.16/sh−4,321$225,383→ 11,865 total
Holdings
- 2,054
Common Stock
[F1] - 1,630
Common Stock
[F2] - 490
Common Stock
[F3] - 1,225
Common Stock
[F4]
Footnotes (4)
- [F1]2,054 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 1,057 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. 1,057 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2029 if the performance goal is achieved.
- [F2]4,894 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 2,447 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. 2,447 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
- [F3]490 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 two year cliff vesting on February 7, 2027 if the performance goals are achieved.
- [F4]1,470 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. 735 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2026 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 735 of those shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved. As of the vesting date, 245 shares have vested.
Signature
/s/ Angelo G. Fusaro, Attorney-in-Fact for Christine Chivily|2026-05-04