Bridgewater Bancshares (BWB) executive compensation, 2026 proxy

Jerry Baack, Chairman of the Board and Chief Executive Officer, was paid $1.3M in fiscal 2025, up 20% from $1.1M the year before. The CEO-to-median-employee pay ratio was 14:1, on median employee pay of $99,039.

Filed
March 16, 2026
Annual meeting
April 28, 2026
Pay year
fiscal 2025
Named executives
5
CEO total pay
$1.3M+20% vs prior year
CEO to median employee
14:1median $99,039
CEO pay in equity
16%$218,372 in awards
CEO Target Bonus
$487,500Target cash incentive opportunity
CEO Stock Awards
$218,372Granted in 2025
Median Employee Pay
$99,039Annual total compensation
CEO Pay Ratio
13.6:1Ratio to median employee
Say-on-Pay Support
93.60%Support at 2025 annual meeting

How Baack was paid

$1.3M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary48%Stock awards16%Non-equity incentive32%All other compensation4%

Named executive officers

ExecutiveTotal
Jerry BaackChairman of the Board and Chief Executive Officer$1,349,932
Joseph ChybowskiPresident and Chief Financial Officer$922,296
Mary Jayne CrockerFormer Executive Vice President Chief Strategy Officer$634,821
Nick PlaceChief Banking Officer$698,709
Lisa SalazarChief Operating Officer$603,704

What changed and why

  • $1.3MCEO total compensation increased to $1,349,932 in 2025 compared to $1,120,926 in 2024.
  • $19.3MPre-provision net revenue increased $19.3 million, or 42.1%.
  • $441.0MGross loans increased by $441.0 million, or 11.4%.
  • $244.6MCore deposits increased by $244.6 million, or 7.9%.
  • 93.60%At the 2025 annual meeting, 93.60% of votes supported the say-on-pay proposal.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.