SEIDMAN LAWRENCE B 4
4 · Bankwell Financial Group, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Bankwell (BWFG) Director Lawrence B. Seidman Buys 323 Shares
What Happened
Lawrence B. Seidman, a director of Bankwell Financial Group, bought 323 shares in an open-market purchase on June 5, 2026, at $53.70 per share for a total of $17,345. This was a straight purchase (transaction code P), i.e., an acquisition of shares rather than a sale or option exercise.
Key Details
- Transaction date and price: 2026-06-05 — 323 shares @ $53.70, total $17,345.
- Transaction type: Open-market purchase (code P).
- Shares owned after transaction: The Form 4 does not list a single "total beneficially owned" number. Disclosed vested restricted shares as of the filing total 2,866; adding this purchase yields at least 3,189 shares beneficially owned (to the extent restricted shares are vested).
- Footnotes / vesting summary:
- F1: 1,455 shares granted 2/9/2026 (485 vest 2/7/2027, 485 vest 2/7/2028, 485 vest 2/7/2029) — none vested as of filing.
- F2: 1,800 granted 2/7/2025 (600 vested 2/7/2026; 600 to vest 2/7/2027; 600 to vest 2/7/2028). As of filing, 600 vested.
- F3: 1,600 granted 12/29/2023 (533 vested 2/7/2025; 533 vested 2/7/2026; 534 to vest 2/7/2027). As of filing, 1,066 vested.
- F4: 1,600 granted 12/30/2022, vesting 25% annually beginning 1/2/2024; 1,200 vested as of filing.
- Filing timeliness: Transaction reported on a Form 4 filed 2026-06-09 for a 2026-06-05 trade; this meets the Form 4 two-business-day reporting requirement (timely).
Context
This filing reports a straight open-market buy (not an option exercise or gift). Many of the director’s holdings are restricted stock with scheduled vesting dates (see footnotes); only a portion of those grants were vested as of the filing. Purchases by insiders are often noted by investors as a positive signal, but they are one data point and do not guarantee future company performance.
Insider Transaction Report
- Purchase
Common Stock
2026-06-05$53.70/sh+323$17,345→ 4,844 total(indirect: Deferred Compensation Plan)
- 218,756(indirect: By Seidman and Associates, L.L.C.)
Common Stock
- 141,067(indirect: By Partnership)
Common Stock
- 177,280(indirect: By Partnership)
Common Stock
- 128,687(indirect: By LSBK06-08, L.L.C.)
Common Stock
- 135,454(indirect: By Broad Park Investors, L.L.C.)
Common Stock
- 24,619(indirect: By Chewy Gooey Cookies, L.P.)
Common Stock
- 17,463
Common Stock
- 1,455
Common Stock
[F1] - 1,200
Common Stock
[F2] - 534
Common Stock
[F3] - 400
Common Stock
[F4]
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.