Bankwell Financial Group: Pay

Bankwell Financial Group paid its 4 named executives $2.9M in total in FY2024 (Dec). CEO Christopher R. Gruseke was paid $1.0M of that.

Pay$100 in the stock at the end of FY21 → $94
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Christopher R. GrusekeCEO
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
3 years
Matthew McNeillPresident and Chief Banking Officer
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
3 years
Ryan J. HildebrandEVP and Chief Innovation Officer
FY2024 (Dec)
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 12 peers with pay on file was $1.7M. The CEO of Bankwell Financial Group was paid $1.3M, 21% below the median.

  1. 1Metropolitan Bank Holding
  2. 2Orrstown Financial Services
  3. 3Mid Penn Bancorp
  4. 4Bar Harbor Bankshares
  5. 5Western New England Bancorp
  6. 6Acnb
  7. 7Arrow Financial
  8. 8Chemung Financial
  9. 9Bankwell Financial Group
  10. 10Princeton Bancorp
  11. 11Fidelity D & D Bancorp
  12. 12Peoples Financial Services
  13. 13BCB Bancorp
  14. 14Capital BancorpNot disclosed
  15. 15Citizens & NorthernNot disclosed
  16. 16Citizens Financial CorporationNot disclosed
  17. 17First BankNot disclosed
  18. 18Hanover BancorpNot disclosed
  19. 19Hingham Institution for SavingsNot disclosed
  20. 20LINKBancorpNot disclosed
  21. 21Meridian CorporationNot disclosed
  22. 22NB BancorpNot disclosed
  23. 23Orange County BancorpNot disclosed
  24. 24Shore BankshareNot disclosed
  25. 25The First Bancorp, Inc.Not disclosed
  26. 26Unity Bancorp, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.