Bridgewater Bancshares CEO Jerry Baack's 2019 pay jumps 24% to $1.7M
Bridgewater Bancshares reports 2019 executive compensation
By ExecPay News
Published: March 18, 2020
Bridgewater Bancshares reported fiscal year 2019 executive compensation information on March 18, 2020.
In 2019, three executives at Bridgewater Bancshares received on average a compensation package of $1.2M, a 21% increase compared to previous year.
Average pay of disclosed executives at Bridgewater Bancshares
Jerry Baack, Chief Executive Officer, received $1.7M in total, which increased by 24% compared to 2018. 35% of Baack's compensation, or $575K, was in salary. Baack also received $480K in bonus, $94K of change in pension value and nonqualified deferred compensation earnings, $233K in option awards, $248K in stock awards, as well as $33K in other compensation.
Mary Jayne Crocker, Chief Operating Officer, received a compensation package of $927K, which increased by 19% compared to previous year. 40% of the compensation package, or $375K, was in salary.
Jeffrey D. Shellberg, Executive Vice President and Chief Credit Officer, earned $868K in 2019, a 16% increase compared to previous year.
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Source: SEC filing on March 18, 2020.