Jerry Baack compensation by year
Bridgewater Bancshares Summary Compensation Table · all 9 fiscal years held| Component | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $500,000 | $526,250 | $575,000 | $575,000 | $575,000 | $650,000 | $650,000 | $650,000 | $650,000 |
| Bonus | $419,000 | $480,000 | $480,000 | $432,000 | $529,234 | $526,500 | $0 | $0 | $0 |
| Stock awards | $0 | $0 | $248,064 | $320,689 | $317,976 | $0 | $351,679 | $203,937 | $218,372 |
| Option awards | $420,000 | $0 | $232,631 | $0 | $0 | $528,339 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $0 | $0 | $0 | $219,000 | $219,000 | $433,000 |
| Pension and deferred compensation | $76,001 | $59,394 | $94,021 | $94,978 | $64,056 | $31,058 | $0 | $0 | $0 |
| All other | $246,373 | $272,286 | $32,596 | $35,331 | $38,118 | $43,944 | $45,667 | $47,989 | $48,560 |
| Total | $1,661,374 | $1,337,930 | $1,662,312 | $1,457,998 | $1,524,384 | $1,779,841 | $1,266,346 | $1,120,926 | $1,349,932 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Bridgewater Bancshares Inc DEF 14A filed March 16, 2026, accession 0001104659-26-028272, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Bridgewater Bancshares Inc filed document, accession 0001104659-26-028272. Every figure is read from that document and cited to the page and table it appears in. Filed March 16, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 15,847 | $277,798 | — |
| RSU | 12,864 | $225,506 | — |
| RSU | 11,279 | $197,721 | — |
| Option | 25,000 | — | $17.50 |
Per the Outstanding Equity Awards at Fiscal Year-End table in Bridgewater Bancshares Inc's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
14 Form 4 lines since the FY2025 proxy (filed March 16, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-11-03 | Sale | — | 20,000 | $20.35 | 1,137,769 |
| 2026-11-02 | Sale | — | 20,000 | $20.25 | 1,157,769 |
| 2026-10-23 | Exercise or conversion derivative | — | 17,834 | $0.00 | 71,000 |
| 2026-10-23 | Exercise or conversion | — | 17,834 | $7.47 | 1,177,769 |
| 2026-10-23 | Exercise or conversion | — | 17,834 | $7.47 | 1,170,702 |
| 2026-10-22 | Exercise or conversion | — | 36,166 | $7.47 | 1,159,935 |
| 2026-10-22 | Exercise or conversion | — | 29,099 | $7.47 | 1,159,935 |
| 2026-10-22 | Tax withholding | — | 7,067 | $20.67 | 1,152,868 |
The 8 most recent of 14 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Bridgewater Bancshares discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control and involuntary termination | $2,166,000 | $2,261,175 | $40,674 | $4,467,849 |
| Death | $0 | $2,261,175 | $0 | $2,261,175 |
| Involuntary termination without cause | $650,000 | $0 | $40,674 | $690,674 |
| Disability | $0 | $701,025 | $0 | $701,025 |
Per the Potential Payments Upon Termination or Change in Control table in Bridgewater Bancshares Inc's FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
Bridgewater Bancshares’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Jerry Baack · this page | Chairman of the Board and Chief Executive Officer | $1,349,932 |
| Joseph Chybowski | President and Chief Financial Officer | $922,296 |
| Nick Place | Chief Banking Officer | $698,709 |
| Mary Jayne Crocker | Former Executive Vice President and Chief Strategy Officer | $634,821 |
| Lisa Salazar | Chief Operating Officer | $603,704 |
Board service
Bridgewater Bancshares board · FY2021–FY2025| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | $0 | $0 | — | $0 | — |
| FY2024 | $0 | $0 | $0 | $0 | — |
| FY2023 | — | — | — | — | — |
| FY2022 | — | — | — | — | — |
| FY2021 | — | — | — | $38,118 | $38,118 |
Each year as the company reported it in Bridgewater Bancshares's director compensation table. Totals are the company's own disclosed totals.
How this board is paid
Company policy: Bridgewater Bancshares pays directors a $40,000 cash retainer and $40,000 in equity. As stated in Bridgewater Bancshares's FY2025 proxy.
The full Bridgewater Bancshares compensation record
free company briefThis page is one person within Bridgewater Bancshares's record. The company brief lists every named executive, each linking to their own page.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Bridgewater Bancshares's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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