Bankwell Financial Group Management
Management criteria checks 3/4
Bankwell Financial Group's CEO is Chris Gruseke, appointed in Feb 2015, has a tenure of 9.75 years. total yearly compensation is $1.46M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 2.65% of the company’s shares, worth $6.43M. The average tenure of the management team and the board of directors is 1.3 years and 7.1 years respectively.
Key information
Chris Gruseke
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 9.8yrs |
| CEO ownership | 2.7% |
| Management average tenure | 1.3yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
Bankwell Financial Group, Inc. Just Reported A Surprise Profit And Analysts Updated Their Estimates
Nov 01
Bankwell Financial Group (NASDAQ:BWFG) Is Due To Pay A Dividend Of $0.20
Jul 28Increases to Bankwell Financial Group, Inc.'s (NASDAQ:BWFG) CEO Compensation Might Cool off for now
May 23Bankwell Financial Group (NASDAQ:BWFG) Has Affirmed Its Dividend Of $0.20
Apr 29Bankwell Financial Group (NASDAQ:BWFG) Has Affirmed Its Dividend Of $0.20
Jan 28Bankwell Financial Group (NASDAQ:BWFG) Will Pay A Dividend Of $0.20
Jul 30Bankwell Financial: Growth Of Loan Volume To Counter Margin Compression
Sep 22Bankwell Financial: Strong Loan Growth To Drive The Bottom Line
Jul 10Bankwell Financial: The Loan Book Is Heavily Geared Towards CRE And Commercial Loans
Mar 22Bankwell Financial Group (NASDAQ:BWFG) Will Pay A Larger Dividend Than Last Year At US$0.20
Jan 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$15m |
| Jun 30 2024 | n/a | n/a | US$23m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$1m | US$630k | US$36m |
| Sep 30 2023 | n/a | n/a | US$35m |
| Jun 30 2023 | n/a | n/a | US$35m |
| Mar 31 2023 | n/a | n/a | US$39m |
| Dec 31 2022 | US$2m | US$600k | US$37m |
| Sep 30 2022 | n/a | n/a | US$36m |
| Jun 30 2022 | n/a | n/a | US$34m |
| Mar 31 2022 | n/a | n/a | US$29m |
| Dec 31 2021 | US$1m | US$600k | US$26m |
| Sep 30 2021 | n/a | n/a | US$19m |
| Jun 30 2021 | n/a | n/a | US$15m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$600k | US$6m |
| Sep 30 2020 | n/a | n/a | US$9m |
| Jun 30 2020 | n/a | n/a | US$10m |
| Mar 31 2020 | n/a | n/a | US$14m |
| Dec 31 2019 | US$998k | US$550k | US$18m |
| Sep 30 2019 | n/a | n/a | US$18m |
| Jun 30 2019 | n/a | n/a | US$19m |
| Mar 31 2019 | n/a | n/a | US$18m |
| Dec 31 2018 | US$1m | US$550k | US$17m |
| Sep 30 2018 | n/a | n/a | US$16m |
| Jun 30 2018 | n/a | n/a | US$15m |
| Mar 31 2018 | n/a | n/a | US$15m |
| Dec 31 2017 | US$798k | US$550k | US$14m |
Compensation vs Market: Chris's total compensation ($USD1.46M) is about average for companies of similar size in the US market ($USD1.46M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
CEO
Chris Gruseke (64 yo)
9.8yrs
Tenure
US$1,462,411
Compensation
Mr. Christopher R. Gruseke, also known as Chris, has been Chief Executive Officer of Bankwell Financial Group, Inc. and Bankwell Bank since February 27, 2015. Mr. Gruseke has been President of Bankwell Fin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.8yrs | US$261.99k | 2.89% $ 7.0m | |
| President | 9.8yrs | US$1.46m | 2.65% $ 6.4m | |
| Executive VP & Chief Credit Officer | no data | US$605.60k | 0.33% $ 808.5k | |
| Executive VP & Chief Banking Officer | 4.7yrs | US$1.07m | 0.76% $ 1.8m | |
| Independent Director & Corporate Secretary | no data | US$203.11k | 0.51% $ 1.2m | |
| Executive VP & CFO | 1.8yrs | no data | 0.075% $ 181.4k | |
| Executive VP | less than a year | no data | 0.17% $ 422.4k | |
| Principal Accounting Officer | less than a year | no data | 0.044% $ 106.7k | |
| Senior VP & Business Development Officer | no data | no data | no data | |
| Senior VP & Director of Commercial Credit | no data | no data | no data | |
| Executive VP & Chief Innovation Officer | 1.3yrs | no data | 0.11% $ 271.8k | |
| Senior VP & Head of SBA Lending | less than a year | no data | no data |
1.3yrs
Average Tenure
49yo
Average Age
Experienced Management: BWFG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.8yrs | US$261.99k | 2.89% $ 7.0m | |
| President | 9.8yrs | US$1.46m | 2.65% $ 6.4m | |
| Independent Director & Corporate Secretary | 17.8yrs | US$203.11k | 0.51% $ 1.2m | |
| Independent Director | 4.8yrs | US$183.54k | 0.23% $ 553.8k | |
| Independent Director | 9.3yrs | US$179.53k | 0.35% $ 846.5k | |
| Independent Director | 2.5yrs | US$170.54k | 0.12% $ 301.9k | |
| Independent Vice Chairman | 16.8yrs | US$207.74k | 0.49% $ 1.2m | |
| Independent Director | 1.7yrs | US$165.82k | 0.054% $ 130.3k | |
| Independent Director | 1.5yrs | US$149.11k | 0.086% $ 209.7k | |
| Independent Director | less than a year | no data | 0.033% $ 79.4k |
7.1yrs
Average Tenure
64yo
Average Age
Experienced Board: BWFG's board of directors are considered experienced (7.1 years average tenure).