SEIDMAN LAWRENCE B 4

4 · Bankwell Financial Group, Inc. · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Bankwell (BWFG) Director Lawrence Seidman Buys Shares

What Happened

Lawrence B. Seidman, a director of Bankwell Financial Group, made multiple open-market purchases on March 11, 2026, acquiring a total of 10,000 shares. The six trades ranged from $46.64 to $46.67 per share for an aggregate cost of approximately $466,461 (average ≈ $46.65/share). These were purchases (buys), which investors often view as a bullish signal relative to sales.

Key Details

Transaction date: 2026-03-11 (filed 2026-03-12; filing appears timely under Form 4 rules).
Individual trades:
- 4,085 shares @ $46.64 = $190,524
- 1,259 shares @ $46.65 = $58,732
- 754 shares @ $46.66 = $35,182
- 2,460 shares @ $46.64 = $114,734
- 911 shares @ $46.66 = $42,507
- 531 shares @ $46.67 = $24,782
Total purchased: 10,000 shares for ~$466,461 (avg ≈ $46.65).
Shares owned after transaction: not specified in the provided data.
Footnotes from the filing: multiple prior restricted stock grants (see Context below) — these are awards/vesting schedules, not the trades above.
No indication in the provided data that this filing was late.

Context

These were straightforward open-market purchases (transaction code P), not option exercises or awards. Open-market buys are direct purchases of existing shares.
The filing also lists prior restricted stock awards:
- F1: 1,455 RSU granted 2/9/2026 (vesting: 485 on 2/7/2027, 485 on 2/7/2028, 485 on 2/7/2029).
- F2: 1,800 RSU granted 2/7/2025 (600 vested by filing date; remaining vest annually through 2028).
- F3: 1,600 RSU granted 12/29/2023 (1,066 vested as of filing; remaining vesting into 2026–2027).
- F4: 1,600 RSU granted 12/30/2022 (1,200 vested as of filing; remaining vest annually).
Nothing in the filing indicates gifts, cashless exercises, or a 10b5-1 plan for these purchases.

Form 4

Period: 2026-03-11

Director

Transactions

Purchase
Common Stock
2026-03-11$46.64/sh+4,085$190,524→ 208,734 total(indirect: By Seidman and Associates, L.L.C.)
Purchase
Common Stock
2026-03-11$46.65/sh+1,259$58,732→ 137,785 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-11$46.66/sh+754$35,182→ 174,913 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-11$46.64/sh+2,460$114,734→ 122,765 total(indirect: By LSBK06-08, L.L.C.)
Purchase
Common Stock
2026-03-11$46.66/sh+911$42,507→ 132,911 total(indirect: By Broad Park Investors, L.L.C.)
Purchase
Common Stock
2026-03-11$46.67/sh+531$24,782→ 23,355 total(indirect: By Chewy Gooey Cookies, L.P.)

Holdings

Footnotes (4)

[F1]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.
[F2]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.
[F3]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.
[F4]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.

Signature

/s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman|2026-03-12

1 file