Bridgewater Bancshares CEO Jerry Baack's 2020 pay slips 12% to $1.5M
Bridgewater Bancshares reports 2020 executive compensation
By ExecPay News
Published: March 17, 2021
Bridgewater Bancshares reported fiscal year 2020 executive compensation information on March 17, 2021.
In 2020, three executives at Bridgewater Bancshares received on average a compensation package of $1M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Bridgewater Bancshares
Jerry Baack, Chief Executive Officer, received $1.5M in total, which decreased by 12% compared to 2019. 39% of Baack's compensation, or $575K, was in salary. Baack also received $432K in bonus, $95K of change in pension value and nonqualified deferred compensation earnings, $321K in stock awards, as well as $35K in other compensation.
Mary Jayne Crocker, Chief Operating Officer, received a compensation package of $848K, which decreased by 9% compared to previous year. 44% of the compensation package, or $375K, was in salary.
Jeffrey D. Shellberg, Secretary, earned $796K in 2020, a 8% decrease compared to previous year.
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Source: SEC filing on March 17, 2021.