Company: BWFG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001505732-25-000079
Chunk: 43

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
---
 represent the aggregate fair market value of shares granted (calculated in accordance with FASB ASC Topic 718) made to the Named Executive Officers named above, in all cases pursuant to the Company’s stock plans. All shares granted represent unvested restricted stock that will vest in accordance with the terms of the grant. The value of restricted stock awards that vest based on achieving performance measures (“performance shares”) is based on the target number of performance shares granted. The value of the award at grant date assuming the highest level of performance conditions will be achieved (200% for 2023 and 150% for 2024) will be as follows:

| Named Executive Officer |     | 2024 Stock Awards 
 Maximum Value ($) |     | 2023 Stock Awards 
  Maximum Value($) |
| Christopher R. Gruseke  |     |           506,089 |     |           701,067 |
| Matthew McNeill         |     |           397,662 |     |           504,400 |
| Christine A. Chivily    |     |           180,735 |     |           206,987 |

(3) The 2024 amounts listed represent: For Mr. Gruseke, a $10,350 matching contribution made by the Company under the Company’s 401(k) Plan, a $3,564 life and AD&D insurance premium and $2,582 in BOLI imputed income; for Mr. McNeill, a $10,350 matching contribution made by the Company under the Company’s 401(k) Plan, a $810 life and AD&D insurance premium and $594 in BOLI imputed income; and for Ms. Chivily, a $10,350 matching contribution made by the Company under the Company’s 401(k) Plan, a $6,858 life and AD&D insurance premium and $1,384 in BOLI imputed income.

<div align='center'>27</div>

#### Outstanding Equity Awards at 2024 Fiscal Year-End
The following table provides information regarding outstanding equity awards held by each of our named executive officers on December 31, 2024. There are no option awards outstanding as of December 31, 2024.

|                           |     |           |     | Stock awards |     |            |     |            |     |                                                                                                     |     |                                                                                                                     |
| Name                      |     | Grant     
 Date      |     |              |     |  Number of