SEIDMAN LAWRENCE B 4
4 · Bankwell Financial Group, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Lawrence Seidman Buys 170 Shares
What Happened
Lawrence B. Seidman, a director of Bankwell Financial Group, Inc. (BWFG), made an open-market purchase of 170 shares on May 15, 2026 at $49.92 per share, a total cost of $8,486. This was a straight purchase (transaction code P), increasing his direct equity stake.
Key Details
- Transaction date and price: 2026-05-15, 170 shares at $49.92 each (total $8,486).
- Filing date: Form 4 filed 2026-05-18 (timely filed within reporting window).
- Shares owned after transaction: The Form 4 does not list a single consolidated total. Footnotes show 2,866 vested restricted shares as of the filing date; adding this 170-share purchase would increase those vested holdings to 3,036 shares, assuming no other holdings.
- Notable footnotes (restricted stock grants / vesting):
- F1: 1,455 RSUs granted 2/9/2026 — vesting in 3 annual tranches of 485 (2027–2029).
- F2: 1,800 RSUs granted 2/7/2025 — 600 vested (as of filing); remaining vest 2027–2028.
- F3: 1,600 RSUs granted 12/29/2023 — 1,066 vested as of filing; remaining vest 2/7/2026 & 2/7/2027.
- F4: 1,600 RSUs granted 12/30/2022 — vesting over 4 years; 1,200 vested as of filing.
- No 10b5-1 trading plan, option exercise, gift, or tax-withholding sale was indicated in the filing.
Context
This was a small open-market purchase (about $8.5k). Open-market buys are straightforward purchases of shares and are often noted by investors as a potentially positive signal, but a single small purchase does not by itself indicate a change in company outlook or strategy.
Insider Transaction Report
- Purchase
Common Stock
2026-05-15$49.92/sh+170$8,486→ 217,884 total(indirect: By Seidman and Associates, L.L.C.)
- 140,503(indirect: By Partnership)
Common Stock
- 176,570(indirect: By Partnership)
Common Stock
- 128,173(indirect: By LSBK06-08, L.L.C.)
Common Stock
- 134,912(indirect: By Broad Park Investors, L.L.C.)
Common Stock
- 24,521(indirect: By Chewy Gooey Cookies, L.P.)
Common Stock
- 1,455
Common Stock
[F1] - 1,200
Common Stock
[F2] - 534
Common Stock
[F3] - 400
Common Stock
[F4] - 4,521(indirect: Deferred Compensation Plan)
Common Stock
- 17,382
Common Stock
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]1,600 shares of restricted stock granted on December 30, 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 vesting 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.