Company: BWFG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001505732-25-000079
Chunk: 45

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 45
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,554,518 |     |                                                     $1,156,516 |     |                                                $996,113 |     |                                                                         $158 |     |                       $37,429 |

(1) The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Gruseke(our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “EXECUTIVE COMPENSATION – Summary Compensation Table.”

(2) The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Gruseke, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Gruseke during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Gruseke’s total compensation for each year to determine the compensation actually paid.

| Year |     | Reported Summary Compensation Table Total for CEO |     | Reported Value of Equity Awards(A) |     | Equity Award Adjustments(B) |     | Compensation Actually Paid to CEO |
| 2024 |     |                                        $1,003,069 |     | $(345,302)                         |     |                    $507,144 |     |                        $1,164,911 |
| 2023 |     |                                        $1,462,411 |     | $(467,378)                         |     |                    $503,040 |     |                        $1,498,073 |
| 2022 |     |                                        $1,577,559 |     | $(422,899)                         |     |                    $399,858 |     |                        $1,554,518 |

(A) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(B) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the