Bankwell Financial (BWFG) director adds 10,036 shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bankwell Financial Group director Lawrence B. Seidman reported open-market purchases totaling 10,036 shares of Common Stock on March 10, 2026. Most of the buying was done through affiliated entities, including Seidman and Associates, L.L.C., Seidman Investment Partnership funds, LSBK06-08, L.L.C., Broad Park Investors, L.L.C., and Chewy Gooey Cookies, L.P., at prices around $46.93–$47.06 per share. A small portion, 36 shares, was bought directly in his own name. The filing also notes multiple restricted stock awards that will vest in stages between 2026 and 2029 under Bankwell’s stock plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,036 shares ($471,081)
Net Buy
12 txns
Insider
SEIDMAN LAWRENCE B
Role
Director
Bought
10,036 shs ($471K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,085 | $46.93 | $192K |
| Purchase | Common Stock | 1,259 | $46.94 | $59K |
| Purchase | Common Stock | 754 | $46.95 | $35K |
| Purchase | Common Stock | 2,460 | $46.94 | $115K |
| Purchase | Common Stock | 911 | $46.95 | $43K |
| Purchase | Common Stock | 531 | $46.96 | $25K |
| Purchase | Common Stock | 36 | $47.06 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 204,649 shares (Indirect, By Seidman and Associates, L.L.C.);
Common Stock — 17,382 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 did Bankwell Financial (BWFG) director Lawrence Seidman do in this Form 4?
Lawrence Seidman reported buying 10,036 shares of Bankwell Financial Common Stock in open-market transactions on March 10, 2026. Most purchases were through affiliated investment entities, with a small direct purchase, signaling increased exposure to Bankwell shares.
Are there restricted stock awards mentioned for Bankwell Financial (BWFG) in this filing?
Yes. Footnotes describe several restricted stock grants under Bankwell’s stock plans, with tranches scheduled to vest on February 7, 2026, 2027, 2028, 2029 and January 2, 2024. Some portions have already vested as of the filing date.