Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-01

Bankwell Financial Group, Inc. (BWFG)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,336,526
Christopher Gruseke total, FY2025
26th
CEO pay percentile vs peers
CEO-to-median pay ratio
96.74%
Say-on-pay support, latest vote
Companies that benchmark against BWFG
7 companies name BWFG as a compensation peer

Each company listed discloses BWFG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BWFG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Gruseke$700,000$0$251,365$0$368,550$0$16,611$1,336,526
Chief Executive Officer
Matthew McNeill500,0000188,5170234,00008,456930,973
President and Chief Banking Officer
Ryan Hildebrand375,0000120,0880150,000010,563655,651
Executive Vice President and Chief Innovation Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Christopher Gruseke$1,336,526$1,003,069+333,457
Matthew McNeill930,973819,998+110,975
Ryan Hildebrand655,651

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Christine ChivilyEVP & Chief Credit Officer2026-05-01D4,321$52$225,383CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A179508,979CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A4885024,444CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A2005010,028CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A149507,477CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A104505,225CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-13A8105040,557CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-05-15A170508,486CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A5645229,255CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A7105236,821CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A5425228,114CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A81524,208CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A5145226,661CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A98525,100CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-01A8725245,213CommonForm 4 ↗
Eric J. DaleDirector2026-06-05A5885431,576CommonForm 4 ↗
Todd H. LampertDirector2026-06-05D3,50054187,565CommonForm 4 ↗
Jeffrey R. DunneDirector2026-06-05A3155416,916CommonForm 4 ↗
Blake S. DrexlerDirector2026-06-05A79544,242CommonForm 4 ↗
Carl M. PortoDirector2026-06-05A3705419,869CommonForm 4 ↗
Lawrence B. SeidmanDirector2026-06-05A3235417,345CommonForm 4 ↗
Ryan HildebrandChief Innovation Officer2026-07-01D1,0885863,626CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher GrusekePSU2025-11-1822,500$982,125
Ryan HildebrandPSU2025-02-0715,000489,000
Matthew McNeillPSU2025-02-0715,000489,900
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Gruseke$0$982,125$0100.0%
Ryan Hildebrand0489,0000100.0%
Matthew McNeill0489,9000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Matthew McNeillRSU3,589$164,448
Christopher GrusekeRSU4,568209,306
Matthew McNeillRSU15,000687,300
Christopher GrusekeRSU22,5001,030,950
Ryan HildebrandPSU3,334152,764
Ryan HildebrandRSU15,000687,300
Christopher GrusekeRSU2,590118,674
Matthew McNeillRSU1,86585,454
Christopher GrusekePSU4,568209,306
Matthew McNeillPSU3,589164,448
Ryan HildebrandRSU3,334152,764
Christopher GrusekePSU2,591118,720
Matthew McNeillPSU1,86485,408
05

Incentive-plan design — the Compensation Discussion & Analysis

Target compensation should be competitive with that being offered to individuals in comparable roles at other companies with whom we compete for talent to ensure that we employ the best people to lead our success.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-204,868,485163,856123,01196.74%Passed
20252025-05-214,491,771254,089378,46094.65%Passed
20242024-05-294,699,391466,884108,10090.96%Passed
20232023-05-314,057,870531,288392,37188.42%Passed
20222022-05-253,037,6121,222,939505,01171.3%Passed
20212021-05-263,452,0831,854,44428,97465.05%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2096.74%a
20252025-05-2194.65%b
20242024-05-2990.96%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Blake S. DrexlerIndependent · Board Chair · Audit · Risk$176,875$58,788$0$0$0$235,663
Eric J. DaleIndependent · Compensation (Chair) · Governance and Nominating107,00058,788000165,788
Todd H. LampertIndependent · Compensation · Governance and Nominating88,00071,852000159,852
Anahaita N. KotvalIndependent · Audit · Risk (Chair)73,50058,788000132,288
Darryl M. DemosIndependent · Audit (Chair) · Risk73,50058,788000132,288
Lawrence B. SeidmanIndependent · Audit71,62558,788000130,413
Carl M. PortoIndependent · Compensation · Governance and Nominating (Chair)69,50058,788000128,288
Jeffrey R. DunneIndependent · Risk65,00058,788000123,788
Kevin D. LeitaoIndependent · Governance and Nominating · Risk · Partial-year service57,00058,788000115,788
Christopher R. GrusekeEmployee director · Risk00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline3x average annual board fees
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$782,000
Equity awards (grant-date value)$542,156
All other compensation$0
Total cost of the board$1,324,156

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Bankwell Financial Group, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Bankwell Financial Group, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Citizens Financial Corporation2025Bruce Van Saun$1,487,000$8,045,370$0$12,513,920
2NB Bancorp2025Joseph Campanelli1,022,5804,500,0000411,9468,098,855
3Metropolitan Bank Holding Corp.2025Mark DeFazio1,000,0002,549,97201,200,0004,784,685
4Orrstown Financial Services, Inc.2025Thomas R. Quinn, Jr.812,317599,9690549,0544,222,617
5Unity Bancorp, Inc.2025James Hughes825,000573,5800707,4382,703,888
6Mid Penn Bancorp2025Rory Ritrievi773,077257,2000334,4002,209,726
7Orange County Bancorp2025Michael Gilfeather700,000609,0010450,0002,092,482
8Bar Harbor Bankshares2025Curtis Simard760,000494,0000627,0001,925,946
9Western New England Bancorp, Inc.2025James Hagan818,603288,3190494,5831,859,294
10ACNB Corporation2025James Helt593,569319,193001,825,912
11Meridian Corporation2025Christopher Annas622,000264,000001,677,997
12Hingham Institution for Savings2025Robert Gaughen Jr.1,570,4220001,604,925
13The First Bancorp, Inc.2025Tony McKim850,000255,00001,589,276
14Arrow Financial Corporation2025David DeMarco715,850243,2650379,4011,572,406
15Hanover Bancorp2025Michael Puorro716,000491,0470235,1471,499,882
16Chemung Financial Corporation2025Anders Tomson720,300230,044001,417,130
17Capital Bancorp, Inc.2025Edward Barry726,250264,35572,62501,350,010
18Bankwell Financial Group, Inc.2025Christopher Gruseke700,000251,3650368,5501,336,526
19Princeton Bancorp Inc.2025Edward Dietzler672,500333,3630267,6871,317,222
20Fidelity D&D Bancorp, Inc.2025Daniel Santaniello557,951149,4490380,4461,263,329
21LINKBancorp2024Andrew Samuel750,000105,2800375,0001,251,046
22Peoples Financial Services Corp.2025Gerard Champi557,000162,4000204,0201,068,323
23Citizens & Northern Corporation2025J. Bradley Scovill605,000118,3940248,8381,041,499
24BCB Bancorp, Inc.2025Michael Shriner675,000050,6250772,063

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Bankwell Financial Group, Inc.117%PSU 100Yes — total shareholder return (TSR)Pearl Meyer & Partners, LLC
ACNB Corporationnot disclosedRSU 100NoBlanchard Consulting Group
Arrow Financial Corporation106%RSU 100not disclosedPearl Meyer & Partners, LLC
Bar Harbor Bankshares150%PSU 62 · RSU 38NoMeridian
BCB Bancorp, Inc.not disclosedOptions 100not disclosedMeridian Compensation Partners
Capital Bancorp, Inc.not disclosednot disclosednot disclosedChaseCompGroup, LLC
Chemung Financial Corporationnot disclosedRSU 100not disclosedAon
Citizens & Northern Corporation141.4%RSU 50 · PSU 50NoPearl Meyer & Partners, LLC
Citizens Financial Corporation110.7%not disclosedNoCAP (Compensation Advisory Partners)
Fidelity D&D Bancorp, Inc.not disclosedRSU 100NoBlanchard Consulting Group
Hanover Bancorp60%RSU 50 · PSU 50NoMeridian Compensation Partners, LLC
Hingham Institution for Savingsnot disclosednot disclosednot disclosedPearl Meyer
LINKBancorp50%not disclosednot disclosedMeridian Compensation Partners LLC
Meridian Corporation130%RSU 100not disclosednot disclosed
Metropolitan Bank Holding Corp.not disclosednot disclosedNoFrederic W. Cook & Co., Inc.
Mid Penn Bancorp104.5%RSU 100not disclosedMeridian Compensation Partners
NB Bancorpnot disclosedRSU 100not disclosednot disclosed
Orange County Bancorpnot disclosedRSU 100not disclosedAON
Orrstown Financial Services, Inc.67%RSU 50 · PSU 50NoAon
Peoples Financial Services Corp.104%PSU 50 · RSU 50NoPearl Meyer & Partners, LLC
Princeton Bancorp Inc.not disclosedRSU 100not disclosednot disclosed
The First Bancorp, Inc.120%RSU 100not disclosedPearl Meyer & Partners
Unity Bancorp, Inc.122.5%Restricted Stock 100not disclosednot disclosed
Western New England Bancorp, Inc.134.3%PSU 50 · RSU 50NoPearl Meyer & Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Bankwell Financial Group, Inc. in fiscal 2025?
Christopher Gruseke was the highest-paid executive at Bankwell Financial Group, Inc. in fiscal 2025, with total compensation of $1,336,526.
How does Bankwell Financial Group, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay falls at the 26th percentile of the disclosed peer group.
What is Bankwell Financial Group, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Bankwell Financial Group, Inc.'s executive compensation?
Shareholders voted to approve the executive compensation plan with 96.74% support in the latest vote.
How much does Bankwell Financial Group, Inc. spend in total on board compensation for fiscal 2025?
The filing shows total board compensation for fiscal 2025 was $1,324,156.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Christopher GrusekeDEF 14A2026-04-070001505732-26-000064Section “Summary Compensation Table”. As printed: 1,336,526. Filing ↗machine: r2 · c21 · span 357480–357489
2Section 01, Matthew McNeillDEF 14A2026-04-070001505732-26-000064Section “Summary Compensation Table”. As printed: 930,973. Filing ↗machine: r6 · c21 · span 361706–361713
3Section 01, Ryan HildebrandDEF 14A2026-04-070001505732-26-000064Section “Summary Compensation Table”. As printed: 655,651. Filing ↗machine: r8 · c21 · span 365133–365140
4Section 03, Christopher Gruseke PSUDEF 14A2026-04-070001505732-26-000064Section “EXECUTIVE COMPENSATION PROGRAM” · grants of plan-based awards table. Filing ↗machine: t17 · r2 · c1 · span 304956–304963
5Section 03, Ryan Hildebrand PSUDEF 14A2026-04-070001505732-26-000064Section “EXECUTIVE COMPENSATION PROGRAM” · grants of plan-based awards table. Filing ↗machine: t17 · r4 · c1 · span 307449–307456
6Section 03, Matthew McNeill PSUDEF 14A2026-04-070001505732-26-000064Section “EXECUTIVE COMPENSATION PROGRAM” · grants of plan-based awards table. Filing ↗machine: t17 · r3 · c1 · span 306169–306176
7Section 07, pay ratioDEF 14A2026-04-070001505732-26-000064Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Blake S. DrexlerDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 235,663. Filing ↗machine: t9 · r4 · c6 · span 206354–206361
9Section 08, Eric J. DaleDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 165,788. Filing ↗machine: t9 · r2 · c6 · span 204130–204137
10Section 08, Todd H. LampertDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 159,852. Filing ↗machine: t9 · r7 · c6 · span 209691–209698
11Section 08, Anahaita N. KotvalDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 132,288. Filing ↗machine: t9 · r6 · c6 · span 208580–208587
12Section 08, Darryl M. DemosDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 132,288. Filing ↗machine: t9 · r3 · c6 · span 205241–205248
13Section 08, Lawrence B. SeidmanDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 130,413. Filing ↗machine: t9 · r10 · c6 · span 213031–213038
14Section 08, Carl M. PortoDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 128,288. Filing ↗machine: t9 · r9 · c6 · span 211916–211923
15Section 08, Jeffrey R. DunneDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 123,788. Filing ↗machine: t9 · r5 · c6 · span 207466–207473
16Section 08, Kevin D. LeitaoDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 115,788. Filing ↗machine: t9 · r8 · c6 · span 210807–210814
17Section 08, Christopher R. GrusekeDEF 14A2026-04-070001505732-26-000064Section “Director Compensation”. As printed: 0. Filing ↗
18Section 02, Christine Chivily 2026-05-01Form 42026-05-040001505732-26-000072Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Lawrence B. Seidman 2026-05-13Form 42026-05-140001026081-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Lawrence B. Seidman 2026-05-15Form 42026-05-180001505732-26-000076Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Lawrence B. Seidman 2026-06-01Form 42026-06-020001026081-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Eric J. Dale 2026-06-05Form 42026-06-090001505732-26-000090Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Todd H. Lampert 2026-06-05Form 42026-06-080001505732-26-000082Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jeffrey R. Dunne 2026-06-05Form 42026-06-090001505732-26-000088Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Blake S. Drexler 2026-06-05Form 42026-06-090001505732-26-000089Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Carl M. Porto 2026-06-05Form 42026-06-090001505732-26-000087Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Lawrence B. Seidman 2026-06-05Form 42026-06-090001505732-26-000091Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Ryan Hildebrand 2026-07-01Form 42026-07-010001505732-26-000093Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-05-200001505732-26-000079Item 5.07 · say-on-pay result. As reported: 96.74% (votes for as printed: 4,868,485 (94.43%)). Filing ↗
41Section 06, 2025 voteForm 8-K2025-05-210001505732-25-000094Item 5.07 · say-on-pay result. As reported: 94.65% (votes for as printed: 4,491,771 (87.65%)). Filing ↗
42Section 06, 2024 voteForm 8-K2024-05-290001505732-24-000104Item 5.07 · say-on-pay result. As reported: 90.96% (votes for as printed: 4,699,391 (89.10%)). Filing ↗
43Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
45Section 09b board cost (computed)ComputedcomputedCash 782,000 + equity 542,156 + all other 0 = 1,324,156, summed across the director compensation table rows.machine: formula: Σ = 1,324,156
46Citizens Financial Corporation, Section 10b CEO totalDEF 14A2026-03-090000759944-26-000064CEO total compensation as printed in Citizens Financial Corporation's own proxy. As printed: 12,513,920. Filing ↗machine: t218 · r2 · c12 · span 1385440–1385450
47NB Bancorp, Section 10b CEO totalDEF 14A2026-03-270001104659-26-035829CEO total compensation as printed in NB Bancorp's own proxy. As printed: 8,098,855. Filing ↗machine: t134 · r5 · c16 · span 929608–929617
48Metropolitan Bank Holding Corp., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032365CEO total compensation as printed in Metropolitan Bank Holding Corp.'s own proxy. As printed: 4,784,685. Filing ↗machine: r1 · c36 · span 1579768–1579777
49Orrstown Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021726CEO total compensation as printed in Orrstown Financial Services, Inc.'s own proxy. As printed: 4,222,617. Filing ↗machine: t36 · r2 · c9 · span 634951–634960
50Unity Bancorp, Inc., Section 10b CEO totalDEF 14ACEO total compensation as printed in Unity Bancorp, Inc.'s own proxy. As printed: 2,703,888.
51Mid Penn Bancorp, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128769CEO total compensation as printed in Mid Penn Bancorp's own proxy. As printed: 2,209,726. Filing ↗machine: r3 · c35 · span 723945–723954
52Orange County Bancorp, Section 10b CEO totalDEF 14A2026-04-150001104659-26-043778CEO total compensation as printed in Orange County Bancorp's own proxy. As printed: 2,092,482. Filing ↗machine: r1 · c47 · span 243871–243880
53Bar Harbor Bankshares, Section 10b CEO totalDEF 14A2026-03-190001104659-26-032086CEO total compensation as printed in Bar Harbor Bankshares's own proxy. As printed: 1,925,946. Filing ↗machine: t156 · r4 · c23 · span 1484989–1484998
54Western New England Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-030001999371-26-007628CEO total compensation as printed in Western New England Bancorp, Inc.'s own proxy. As printed: 1,859,294. Filing ↗machine: r1 · c6 · span 574668–574677
55ACNB Corporation, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036515CEO total compensation as printed in ACNB Corporation's own proxy. As printed: 1,825,912. Filing ↗machine: span 502973–502982
56Meridian Corporation, Section 10b CEO totalDEF 14A2026-04-060001750735-26-000027CEO total compensation as printed in Meridian Corporation's own proxy. As printed: 1,677,997. Filing ↗machine: t18 · r2 · c16 · span 375734–375743
57Hingham Institution for Savings, Section 10b CEO totalDEF 14A2026-03-04CEO total compensation as printed in Hingham Institution for Savings's own proxy. As printed: 1,604,925. Filing ↗
58The First Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-060001104659-26-024669CEO total compensation as printed in The First Bancorp, Inc.'s own proxy. As printed: 1,589,276. Filing ↗machine: r1 · c36 · span 1002184–1002193
59Arrow Financial Corporation, Section 10b CEO totalDEF 14A2026-04-230000717538-26-000045CEO total compensation as printed in Arrow Financial Corporation's own proxy. As printed: 1,572,406. Filing ↗machine: span 519962–519971
60Hanover Bancorp, Section 10b CEO totalDEF 14A2026-04-230001104659-26-047669CEO total compensation as printed in Hanover Bancorp's own proxy. As printed: 1,499,882. Filing ↗machine: r3 · c26 · span 225462–225471
61Chemung Financial Corporation, Section 10b CEO totalDEF 14A2026-04-230000763563-26-000009CEO total compensation as printed in Chemung Financial Corporation's own proxy. As printed: 1,417,130. Filing ↗machine: span 469180–469189
62Capital Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-070001419536-26-000091CEO total compensation as printed in Capital Bancorp, Inc.'s own proxy. As printed: 1,350,010. Filing ↗machine: t14 · r4 · c14 · span 427121–427130
63Bankwell Financial Group, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-070001505732-26-000064CEO total compensation as printed in Bankwell Financial Group, Inc.'s own proxy. As printed: 1,336,526. Filing ↗machine: r2 · c21 · span 357480–357489
64Princeton Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-126059CEO total compensation as printed in Princeton Bancorp Inc.'s own proxy. As printed: 1,317,222. Filing ↗machine: r2 · c26 · span 355653–355662
65Fidelity D&D Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-250001437749-26-009691CEO total compensation as printed in Fidelity D&D Bancorp, Inc.'s own proxy. As printed: 1,263,329. Filing ↗machine: r1 · c24 · span 447576–447585
66LINKBancorp, Section 10b CEO totalDEF 14A2025-04-170001193125-25-083608CEO total compensation as printed in LINKBancorp's own proxy. As printed: 1,251,046. Filing ↗machine: r2 · c27 · span 189378–189387
67Peoples Financial Services Corp., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041794CEO total compensation as printed in Peoples Financial Services Corp.'s own proxy. As printed: 1,068,323. Filing ↗machine: t226 · r8 · c16 · span 1077916–1077925
68Citizens & Northern Corporation, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027576CEO total compensation as printed in Citizens & Northern Corporation's own proxy. As printed: 1,041,499. Filing ↗machine: r8 · c26 · span 452428–452437
69BCB Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-240001174947-26-000413CEO total compensation as printed in BCB Bancorp, Inc.'s own proxy. As printed: 772,063. Filing ↗machine: t128 · r1 · c7 · span 422363–422370
70Section 10a, Orrstown Financial Services, Inc. reciprocityDEF 14A0001628280-26-021726Orrstown Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
71Section 10a, Chemung Financial Corporation reciprocityDEF 14A0000763563-26-000009Chemung Financial Corporation's most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
72Section 10a, Western New England Bancorp, Inc. reciprocityDEF 14A0001999371-26-007628Western New England Bancorp, Inc. names Bankwell Financial Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Citizens Financial Corporation reciprocityDEF 14A0000759944-26-000064Citizens Financial Corporation's most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
74Section 10a, Metropolitan Bank Holding Corp. reciprocityDEF 14A0001104659-26-032365Metropolitan Bank Holding Corp.'s most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
75Section 10a, Bar Harbor Bankshares reciprocityDEF 14A0001104659-26-032086Bar Harbor Bankshares names Bankwell Financial Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, Unity Bancorp, Inc. reciprocityDEF 14A0000920427-26-000020Unity Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
77Section 10a, The First Bancorp, Inc. reciprocityDEF 14A0001104659-26-024669The First Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
78Section 10a, Mid Penn Bancorp reciprocityDEF 14A0001193125-26-128769Mid Penn Bancorp's most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
79Section 10a, NB Bancorp reciprocityDEF 14A0001104659-26-035829NB Bancorp's most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗
80Section 10a, Peoples Financial Services Corp. reciprocityDEF 14A0001104659-26-041794Peoples Financial Services Corp.'s most recent proxy was read; its disclosed peer group does not include Bankwell Financial Group, Inc.. Filing ↗