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 transactions related to deferred compensation and restricted stock vesting.
Summary
- On June 10, 2024, Jeffrey R. Dunne acquired 204 shares of Bankwell Financial Group common stock at a price of $23.99.
- On June 11, 2024, Dunne acquired 37 shares of common stock at $23.97 through a deferred compensation plan.
- Dunne disposed of 834 shares of common stock related to restricted stock vesting.
- Dunne disposed of 1,600 shares of common stock related to restricted stock vesting.
- Following these transactions, Dunne directly owns 1,666 shares and indirectly owns 2,734 shares through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 12/29/2023 | Grant date of 2,500 shares of restricted stock. |
| 12/29/2023 | 833 shares of restricted stock vested immediately. |
| 02/07/2024 | 833 shares of restricted stock vested. |
| 06/10/2024 | Acquisition of 204 shares of common stock at $23.99. |
| 06/11/2024 | Acquisition of 37 shares of common stock at $23.97 through deferred compensation plan. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
| 02/07/2025 | 834 shares of restricted stock will vest. |
| 02/07/2025 | First installment of 25% of 1,600 shares of restricted stock will vest. |
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