Form 4: Bankwell Financial Group Director Dunne Reports Stock Transactions
SEC Form 4
Director Jeffrey R. Dunne reports acquisition and disposal of Bankwell Financial Group stock, including restricted stock grants and vesting.
Summary
- Jeffrey R. Dunne, a director of Bankwell Financial Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 7, 2025, Dunne acquired 1,800 shares of common stock as a grant.
- These shares were granted as restricted stock under the 2022 Bankwell Financial Group, Inc. Stock Plan.
- The restricted stock vests in three tranches: 600 shares on February 7, 2026, 600 shares on February 7, 2027, and 600 shares on February 7, 2028.
- Dunne also disposed of 1,067 shares of common stock.
- Following these transactions, Dunne directly owns 3,033 shares and indirectly owns 3,651 shares through a Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2023-12-29 | Date of grant of 1,600 shares of restricted stock that vest in three equal annual installments, with the first installment vested on February 7, 2025. |
| 2025-02-07 | Date of transaction: Acquisition of 1,800 shares of restricted stock and disposal of 1,067 shares of common stock. |
| 2025-02-07 | First installment of 1,600 shares of restricted stock granted on December 29, 2023 vested. |
| 2026-02-07 | First vesting date for 600 shares of the 1,800 restricted stock grant. |
| 2027-02-07 | Second vesting date for 600 shares of the 1,800 restricted stock grant. |
| 2028-02-07 | Final vesting date for 600 shares of the 1,800 restricted stock grant. |
| 2025-02-10 | Date of filing of the Form 4. |
Keywords
Form 4, Beneficial Ownership, Bankwell Financial Group, BWFG, Director, Stock Transactions, Restricted Stock, Vesting
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