Bridgewater Bancshares CEO Jerry Baack's 2021 pay rises 5% to $1.5M
Bridgewater Bancshares reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
Bridgewater Bancshares reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, three executives at Bridgewater Bancshares received on average a compensation package of $1.1M, a 5% increase compared to previous year.
Average pay of disclosed executives at Bridgewater Bancshares
Jerry Baack, Chief Executive Officer, received $1.5M in total, which increased by 5% compared to 2020. 38% of Baack's compensation, or $575K, was in salary. Baack also received $529K in bonus, $64K of change in pension value and nonqualified deferred compensation earnings, $318K in stock awards, as well as $38K in other compensation.
Mary Jayne Crocker, Chief Operating Officer, received a compensation package of $915K, which increased by 8% compared to previous year. 41% of the compensation package, or $375K, was in salary.
Jeffrey D. Shellberg, Secretary, earned $822K in 2021, a 3% increase compared to previous year.
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Source: SEC filing on March 14, 2022.