Bridgewater Bancshares CEO Jerry Baack's 2022 pay rises 17% to $1.8M
Bridgewater Bancshares reports 2022 executive compensation
By ExecPay News
Published: March 13, 2023
Bridgewater Bancshares reported fiscal year 2022 executive compensation information on March 13, 2023.
In 2022, three executives at Bridgewater Bancshares received on average a compensation package of $1.2M, a 12% increase compared to previous year.
Average pay of disclosed executives at Bridgewater Bancshares
Jerry Baack, Chief Executive Officer, received $1.8M in total, which increased by 17% compared to 2021. 37% of Baack's compensation, or $650K, was in salary. Baack also received $527K in bonus, $31K of change in pension value and nonqualified deferred compensation earnings, $528K in option awards, as well as $44K in other compensation.
Joseph M. Chybowski, Chief Financial Officer, received a compensation package of $973K. 39% of the compensation package, or $375K, was in salary.
Nick L. Place, Chief Lending Officer, earned $908K in 2022.
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Source: SEC filing on March 13, 2023.