Bankwell Financial (NASDAQ: BWFG) director receives 1,455-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bankwell Financial Group director Carl M. Porto reported an equity award of common stock. On February 9, 2026, he received 1,455 shares of restricted stock at $0 per share under the 2022 Stock Plan. These shares are scheduled to vest in three equal installments of 485 shares on February 7, 2027, February 7, 2028, and February 7, 2029.
After this grant, Porto directly holds several blocks of common stock, including 1,455 newly granted restricted shares and other vested holdings, as well as indirect holdings through a law firm pension plan and a deferred compensation plan. No derivative securities are reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Porto Carl M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,455 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,455 shares (Direct);
Common Stock — 4,303 shares (Indirect, Law Firm Pension Plan)
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. 1,600 shares of restricted stock granted on December 31, 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 vested 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. 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. 1,800 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.
FAQ
What did Bankwell Financial Group (BWFG) disclose about Carl M. Porto’s equity grant?
Bankwell Financial Group disclosed that director Carl M. Porto received 1,455 shares of restricted common stock on February 9, 2026. The award was granted under the 2022 Stock Plan and reported as acquired at a price of $0 per share, reflecting a compensatory stock grant.
Was any cash paid for Carl M. Porto’s new BWFG restricted stock grant?
No cash consideration was paid for the new restricted stock grant; it was recorded at $0 per share. This indicates the 1,455 Bankwell Financial Group shares were granted as equity compensation rather than purchased on the open market or through an option exercise.
Does Carl M. Porto report any BWFG derivative securities, such as options or warrants?
Carl M. Porto does not report any derivative securities in this filing. Table II, which would list options, warrants, or other derivatives, contains no entries, indicating his reported interests relate only to Bankwell Financial Group common stock and restricted stock awards.
Under which plans were Carl M. Porto’s BWFG restricted stock awards granted?
The newest 1,455 restricted shares were granted under the 2022 Bankwell Financial Group, Inc. Stock Plan. Earlier restricted stock awards referenced in the footnotes were granted under both the 2012 and 2022 Stock Plans, each with specified multi‑year vesting schedules tied to service.