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    Jerry Baack [Dec 31

    Chairman of the Board, Chief Executive Officer (CEO), and President at Bridgewater Bancshares Inc
    Board
    Since 2005
    Age
    57 years
    Education
    Earned a B.S. degree from Minnesota State University, Mankato and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
    Tenure
    Joined BWB as its lead founder in 2005 and has served as Chairman of the Board, CEO, and President since inception.

    Also at Bridgewater Bancshares Inc

    JS[3
    Jeff Shellberg [Dec 31
    Executive Vice President and Chief Credit Officer
    LS[3
    Lisa Salazar [Dec 31
    Chief Deposit Officer
    MJC[3
    Mary Jayne Crocker [Dec 31
    Executive Vice President and Chief Strategy Officer

    About

    Jerry Baack is the lead founder and current executive of Bridgewater Bancshares, Inc. serving as Chairman of the Board, Chief Executive Officer, and President.

    With a career spanning over 30 years in banking and prior experience as a regulator, he has been instrumental in guiding the institution through various economic challenges while maintaining continuous profitability.

    His extensive background in banking, complemented by his academic credentials, has established him as a pivotal figure in the financial industry, consistently leading the company towards growth and effective risk management.

    $BWB Performance Under Jerry Baack [Dec 31

    Past Roles

    OrganizationRoleDate RangeDetails
    Federal Deposit Insurance Corporation (FDIC) Bank Examiner1990 - 1997 Worked for seven years as a bank examiner
    Commerce Bank Various PositionsN/A Position details not provided
    First State Bank of Excelsior Various PositionsN/A Position details not provided
    Hampton Bank Various PositionsN/A Position details not provided

    External Roles

    OrganizationRoleDate RangeDetails
    Marquette University Advisory Board Member for Commercial Banking Program Current as of Dec 31 N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$650,000 AnnualFixed cash compensation
    401(k) Plan Contribution$24,150 AnnualCompany matching and profit-sharing contributions
    Perquisites$23,839 AnnualIncludes monthly automobile allowance (not separately disclosed), health club memberships, and other benefits

    Performance Compensation

    Data from  FY 2024

    Annual Cash Incentive (Bonus)

    MetricValueAdditional Details
    Threshold$365,625 Minimum performance level required for bonus payout
    Target$487,500 Corresponds to 100% of target bonus
    Maximum$609,375 Cap at 150% of target bonus
    Evaluation PeriodFiscal Year 2024 Based on achievement of annual strategic objectives

    Restricted Stock Units (RSUs)

    MetricValueAdditional Details
    Grant DateFeb 2, 2024 Date the RSUs were granted
    Number of Shares Granted17,152 RSUs Total units granted
    Grant Date Fair Value$203,937 Calculated based on applicable accounting guidance
    Grant Date Stock Price$11.89 Share price on grant date
    Vesting Schedule25% on each anniversary for 4 years Accelerated vesting upon change in control, death, or disability

    Non-Equity Incentive Plan Compensation

    MetricValueAdditional Details
    PPNR Threshold Performance$39,113,000 Payout at 50% of target bonus if met
    PPNR Target Performance$57,365,000 Payout at 100% of target bonus
    PPNR Maximum Performance$63,102,000 Payout at 150% of target bonus
    Bonus Opportunity75% of annual base salary Annual incentive opportunity amount
    Weighting50% PPNR / 50% Individual Goals Bonus split equally between PPNR performance and individually set goals
    Evaluation PeriodFiscal Year 2024 Measured using a sliding scale for payout based on performance thresholds