Bankwell (NASDAQ: BWFG) director adds 79 shares via deferred compensation plan

Rhea-AI Filing Summary

Bankwell Financial Group, Inc. director Blake S. Drexler reported a small open-market purchase of 79 shares of common stock at $53.70 per share on June 5, 2026, through a Deferred Compensation Plan, bringing that plan’s holdings to 36,933 shares.

The filing also updates his broader ownership picture, including 160,861 shares held directly, 58,224 shares held by family members over which he exercises effective control, and 1,128 shares held through an IRA/401(k), along with several tranches of restricted stock granted under company stock plans with scheduled vesting over future years.

Insights

Insider trading analyst

Director makes a very small routine open-market purchase while updating disclosed holdings.

Director Blake S. Drexler acquired 79 shares of Bankwell Financial Group common stock at $53.70 per share via a Deferred Compensation Plan. This is the only open-market transaction; the other line items simply restate or categorize existing holdings.

After this trade, the plan holds 36,933 shares, while separate entries show 160,861 shares held directly, 58,224 shares held by family members he effectively controls, and 1,128 shares in an IRA/401(k). Footnotes also outline restricted stock grants that vest gradually under the company’s 2012 and 2022 stock plans. Overall, the purchase is small relative to his disclosed ownership and appears routine based on the information provided.

Insider Trade Summary

Net Buyer: 79 shares ($4,242)

Net Buy 8 txns

Insider Drexler Blake S

Role null

Bought 79 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	79	$53.70	$4K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 36,933 shares (Indirect, Deferred Compensation Plan); Common Stock — 400 shares (Direct, null)

Footnotes (1)

1. 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 vested 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. 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. 1,800 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. 1,455 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. Includes 58,224 shares that are held by family members over which he exercises effective control.

Key Figures

Open-market purchase: 79 shares Purchase price: $53.70/share Deferred Compensation Plan holdings: 36,933 shares +5 more

8 metrics

Open-market purchase 79 shares Common Stock bought on June 5, 2026

Purchase price $53.70/share Price for 79-share open-market purchase

Deferred Compensation Plan holdings 36,933 shares Total plan shares after purchase

Direct common stock holdings 160,861 shares Shares held directly by Drexler

Family-controlled shares 58,224 shares Held by family members he effectively controls

IRA/401(k) holdings 1,128 shares Indirectly held in IRA-401(k)

2022 restricted stock grant 1,600 shares Granted Dec. 30, 2022; vests in four annual installments

2026 restricted stock grant 1,455 shares Granted Feb. 9, 2026; vesting 2027–2029

Key Terms

Deferred Compensation Plan, restricted stock, Stock Plan, exercises effective control, +1 more

5 terms

Deferred Compensation Plan financial

"79-share purchase was made through a Deferred Compensation Plan."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

restricted stock financial

"1,600 shares of restricted stock granted on December 30, 2022."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Stock Plan financial

"pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan."

exercises effective control financial

"Includes 58,224 shares that are held by family members over which he exercises effective control."

IRA-401(k) financial

"Common Stock indirectly owned with nature of ownership listed as IRA-401(k)."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/09/2026 - 09:13 AM Accepted by SEC EDGAR 06/09/2026 - 09:13 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Drexler Blake S

(Last) (First) (Middle)

C/O BANKWELL FINANCIAL GROUP, INC.

258 ELM STREET

(Street)

NEW CANAAN CONNECTICUT 06840

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bankwell Financial Group, Inc. [ BWFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/05/2026		P		79	A	$53.7	36,933	I	Deferred Compensation Plan
Common Stock								400	D(1)
Common Stock								534	D(2)
Common Stock								1,200	D(3)
Common Stock								1,455	D(4)
Common Stock								1,128	I	IRA-401(k)
Common Stock								58,224	I(5)	Exercises Control
Common Stock								160,861	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 vested 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.

2. 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.

3. 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.

4. 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.

5. Includes 58,224 shares that are held by family members over which he exercises effective control.

Remarks:

	/s/ Angelo G. Fusaro Attorney-in-Fact for Blake S. Drexler	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Bankwell Financial Group (BWFG) report for Blake S. Drexler?

The filing shows director Blake S. Drexler bought 79 shares of Bankwell Financial common stock at $53.70 per share. The purchase was made through a Deferred Compensation Plan, and other entries in the filing primarily update the totals of his existing direct and indirect holdings.

At what price did Blake S. Drexler buy Bankwell Financial (BWFG) shares?

Blake S. Drexler purchased 79 Bankwell Financial shares at $53.70 per share. This open-market transaction was recorded within a Deferred Compensation Plan and is the only buy transaction in the filing, with other rows reflecting updated holdings and restricted stock awards under company stock plans.

How many Bankwell Financial (BWFG) shares does Blake S. Drexler hold directly and indirectly?

The filing lists 160,861 Bankwell Financial shares held directly by Blake S. Drexler. It also shows 58,224 shares held by family members over which he exercises effective control, 1,128 shares in an IRA/401(k), and 36,933 shares in a Deferred Compensation Plan after the reported purchase.

What does the Deferred Compensation Plan holding for BWFG shares show after the transaction?

After the 79-share purchase at $53.70, the Deferred Compensation Plan holds 36,933 Bankwell Financial shares. This plan is reported as an indirect ownership category for Drexler, while the filing separately details his direct holdings and other indirect positions, such as family-controlled and IRA/401(k) accounts.

What restricted stock grants for BWFG does Blake S. Drexler have outstanding?

Footnotes describe several restricted stock grants to Drexler: 1,600 shares granted in 2022, 1,600 in 2023, 1,800 in 2025, and 1,455 in 2026. These awards vest in equal annual installments on specified February dates, with portions already vested as of the filing date.

How are family-held Bankwell Financial (BWFG) shares treated in Blake S. Drexler’s Form 4?

The Form 4 states that 58,224 Bankwell Financial shares are held by family members over which Drexler exercises effective control. These shares are reported as indirect ownership, distinguishing them from his directly held shares while still associating them with his overall beneficial position.