Bankwell director entities buy 10,000 shares
Rhea-AI Filing Summary
Bankwell Financial Group director Lawrence B. Seidman reported amended insider activity showing entities associated with him bought 10,000 shares of Bankwell common stock in open-market transactions on February 23, 2026 at prices around $47.39–$47.42, all held indirectly through investment partnerships and LLCs.
The amendment corrects an earlier filing that mistakenly used a sale code instead of a purchase code and also updates Seidman’s holdings to include several restricted stock grants, such as 1,455 shares granted on February 9, 2026 and prior grants of 1,800, 1,600, and another 1,600 shares with specified multi‑year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
12 txns
Insider
SEIDMAN LAWRENCE B
Role
Director
Bought
10,000 shs ($474K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,068 | $47.39 | $193K |
| Purchase | Common Stock | 1,261 | $47.40 | $60K |
| Purchase | Common Stock | 760 | $47.41 | $36K |
| Purchase | Common Stock | 2,456 | $47.39 | $116K |
| Purchase | Common Stock | 917 | $47.41 | $43K |
| Purchase | Common Stock | 538 | $47.42 | $26K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 199,219 shares (Indirect, By Seidman and Associates, L.L.C.);
Common Stock — 134,849 shares (Indirect, By Seidman Investment Partnership, L.P.);
Common Stock — 173,114 shares (Indirect, By Seidman Investment Partnership II, L.P.);
Common Stock — 117,045 shares (Indirect, By LSBK06-08, L.L.C.);
Common Stock — 130,758 shares (Indirect, By Broad Park Investors, L.L.C.);
Common Stock — 22,057 shares (Indirect, By Chewy Gooey Cookies, L.P.);
Common Stock — 20,935 shares (Direct);
Common Stock — 4,151 shares (Indirect, Deferred Compensation Plan)
Footnotes (6)
- F1. On the originally filed Form 4 on February 24, 2026, Field 3 in Table I (transaction code) inadvertently had a code "S", which represents an "open market or private sale of non-derivative or derivative security". This field should have been coded "P", which represents "open market or private purchase of non-derivative or derivative security".
- F2. 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.
- F3. 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.
- F4. These shares were inadvertently omitted from the original Form 4 filing on February 24, 2026. A Form 4 amended filing on February 24, 2026 reflected these shares.
- F5. 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.
- F6. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BWFG report on February 23, 2026?
Bankwell Financial Group reported that entities associated with director Lawrence B. Seidman bought 10,000 shares of common stock on February 23, 2026. These were open-market purchases at prices around $47.39–$47.42, reported as indirect ownership through several investment partnerships and LLCs.
Why was the original BWFG Form 4 amended in this filing?
The Form 4 was amended because the original filing used transaction code “S” for a sale instead of “P” for a purchase. The amendment corrects this coding error and clarifies that the February 23, 2026 transactions were open-market purchases of Bankwell Financial Group common stock, not sales.
What restricted stock grants for BWFG does Lawrence B. Seidman hold?
The filing lists several restricted stock grants to Lawrence B. Seidman, including 1,455 shares granted February 9, 2026, 1,800 shares granted February 7, 2025, and two separate 1,600-share grants from December 2023 and December 2022, all with multi-year vesting schedules and portions already vested.
How does this BWFG Form 4/A affect Seidman’s reported ownership?
The amendment updates Seidman’s reported ownership by correctly classifying the February 23, 2026 trades as purchases and adding previously omitted restricted stock holdings. It shows indirect stakes through several entities plus direct and deferred compensation plan holdings in Bankwell Financial Group common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
