Chivily Christine 4

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.