4//SEC Filing
DeWyngaert Heidi 4
Accession 0001567619-19-009831
CIK 0001505732other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 2:36 PM ET
Size
12.7 KB
Accession
0001567619-19-009831
Insider Transaction Report
Form 4
DeWyngaert Heidi
EVP & CLO
Transactions
- Exercise/Conversion
Stock Options
2019-05-03$12.64/sh−1,500$18,960→ 0 totalExercise: $12.64From: 2014-06-23Exp: 2019-06-23→ Common Stock (1,500 underlying) - Exercise/Conversion
Common Stock
2019-05-03$12.64/sh+1,500$18,960→ 58,371 total - Tax Payment
Common Stock
2019-05-03$29.51/sh−643$18,975→ 57,728 total
Holdings
- 1,260
Common Stock
- 1,500
Common Stock
- 994
Common Stock
- 1,000
Common Stock
Footnotes (5)
- [F1]18,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 6,300 of those shares are restricted stock that will vest in five equal annual installments of 20%, with the first installment to vest on December 1, 2015 and an additional 20% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 5,040 Shares have fully vested. 3,978 of those shares are restricted stock that will vest in four equal annual installments of 25%, with the first installment to vest on December 1, 2016 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 2,984 Shares have fully vested. 7,722 of those shares are performance restricted stock and may vest when and if the performance goals are achieved, but in any event no later than December 1, 2019. As of the Transaction Date, all 7,722 Performance Shares have vested.
- [F2]On 5/3/19 - 643 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the exercise cost for converting the stock options to common stock.
- [F3]Of the Shares reported, 56,513 Shares are owned jointly with spouse.
- [F4]3,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 1,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2019 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 500 Shares have vested. 1,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
- [F5]Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.
Documents
Issuer
Bankwell Financial Group, Inc.
CIK 0001505732
Entity typeother
Related Parties
1- filerCIK 0001607544
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 2:36 PM ET
- Size
- 12.7 KB