Director adds 10,000 Bankwell (BWFG) shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bankwell Financial Group director Lawrence B. Seidman, through several affiliated entities, reported open-market purchases totaling 10,000 shares of Bankwell common stock on March 11, 2026 at prices between $46.64 and $46.67 per share. The buying was executed by entities including Seidman and Associates, Seidman Investment Partnership entities, LSBK06-08, Broad Park Investors and Chewy Gooey Cookies.
The filing also updates Seidman’s equity-based compensation. It describes multiple restricted stock awards under Bankwell’s 2012 and 2022 stock plans, with portions already vested and additional tranches scheduled to vest annually from February 2026 through February 2029, reinforcing his ongoing equity exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares ($466,462)
Net Buy
12 txns
Insider
SEIDMAN LAWRENCE B
Role
Director
Bought
10,000 shs ($466K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,085 | $46.64 | $191K |
| Purchase | Common Stock | 1,259 | $46.65 | $59K |
| Purchase | Common Stock | 754 | $46.66 | $35K |
| Purchase | Common Stock | 2,460 | $46.64 | $115K |
| Purchase | Common Stock | 911 | $46.66 | $43K |
| Purchase | Common Stock | 531 | $46.67 | $25K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 208,734 shares (Indirect, By Seidman and Associates, L.L.C.);
Common Stock — 1,455 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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
What insider activity did Bankwell Financial Group (BWFG) report on this Form 4?
The Form 4 reports entities associated with director Lawrence B. Seidman buying a total of 10,000 Bankwell common shares on March 11, 2026. These were open-market purchases at prices in the $46.64–$46.67 range, increasing his indirect ownership stakes.
Does this Bankwell (BWFG) Form 4 show any insider sales of common stock?
No insider sales are shown. The transaction summary lists six buy transactions totaling 10,000 shares and zero sell transactions. Additional entries reflect updated holdings, but there are no reported dispositions of Bankwell common stock in this Form 4 filing.
What restricted stock grants for Lawrence B. Seidman are detailed in the Bankwell (BWFG) filing?
Footnotes describe several restricted stock grants, including 1,455 shares granted February 9, 2026, 1,800 shares granted February 7, 2025, and two 1,600-share grants from December 2023 and December 2022, with portions already vested and remaining shares vesting annually through 2029.
How do the restricted stock awards for Bankwell (BWFG) vest over time for Lawrence B. Seidman?
The awards vest in tranches. One 2026 grant vests 485 shares each in 2027, 2028 and 2029. Earlier 2025 and 2023 grants vest in equal annual installments, with footnotes noting that 600, 1,066 and 1,200 shares from different awards have already vested.