0001505732-22-000064.txt : 20220209
0001505732-22-000064.hdr.sgml : 20220209
20220209131019
ACCESSION NUMBER: 0001505732-22-000064
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220207
FILED AS OF DATE: 20220209
DATE AS OF CHANGE: 20220209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gruseke Christopher R
CENTRAL INDEX KEY: 0001422086
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36448
FILM NUMBER: 22605502
MAIL ADDRESS:
STREET 1: C/O BANKWELL FINANCIAL GROUP, INC.
STREET 2: 220 ELM STREET
CITY: NEW CANAAN
STATE: CT
ZIP: 06840
FORMER NAME:
FORMER CONFORMED NAME: Gruseke Christopher
DATE OF NAME CHANGE: 20071226
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Bankwell Financial Group, Inc.
CENTRAL INDEX KEY: 0001505732
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 208251355
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 208 ELM STREET
CITY: NEW CANAAN
STATE: CT
ZIP: 06840
BUSINESS PHONE: (203) 972-3838
MAIL ADDRESS:
STREET 1: 208 ELM STREET
CITY: NEW CANAAN
STATE: CT
ZIP: 06840
FORMER COMPANY:
FORMER CONFORMED NAME: BNC Financial Group, Inc.
DATE OF NAME CHANGE: 20101115
4
1
wf-form4_164443020454864.xml
FORM 4
X0306
4
2022-02-07
0
0001505732
Bankwell Financial Group, Inc.
BWFG
0001422086
Gruseke Christopher R
C/O BANKWELL FINANCIAL GROUP, INC.
258 ELM STREET
NEW CANAAN
CT
06840
0
1
0
0
President & CEO
Common Stock
2022-02-07
4
A
0
500
0
A
138599
D
Common Stock
2022-02-08
4
F
0
942
33.86
D
137657
D
Common Stock
12333
D
Common Stock
7160
D
Common Stock
12800
D
Common Stock
10000
I
IRA
An additional 500 performance based shares were granted and vested on February 7, 2022 as a result of meeting performance metrics from previously issued grants.
71,795 shares reported are owned jointly with spouse.
3,750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2020 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, all shares have vested.
3,750 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, all shares have vested.
942 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the tax liability for vesting a total of 3,000 shares.
Range of reported sale price is $33.83 - $33.87. Reporting person agrees to provide individual transaction information to SEC upon request.
12,333 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 6,167 of those shares are restricted stock that will vest in three substantially equalannual installments, with the first installment to vest on February 7, 2023 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 6,166 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
10,742 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 5,371 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on January 2, 2022 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 5,371 of those shares are performance restricted stock and may vest when and if the performance goal is achieved. As of the transaction date, 3,582 shares have vested. An additional 716 performance based shares were granted and vested on January 2, 2022 as a result of meeting performance metrics.
32,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 16,000 of those shares are restricted stock that will vest as follows: 40% on December 15, 2020, 20% on December 15, 2021, 20% on December 15, 2022 and 20% on December 15, 2023. 16,000 of those shares are performance restricted stock subject to the same vesting schedule above if performance goals are met. As of the transaction date, 19,200 shares have vested. An additional 1,280 performance based shares were granted and vested on December 15, 2021 as a result of meeting performance metrics.
/s/ Penko Ivanov, Attorney-in-Fact for Christopher R. Gruseke
2022-02-09