BWFG · Bankwell Financial Group, Inc.

$68.13 +0.13 (+0.19%) At close · Aug 14

Market Cap

$543.13M

7.97M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	CEO	$700,000	—	$251,365	—	$368,550	$16,611	$1,336,526
Matthew J. McNeill	—	$500,000	—	$188,517	—	$234,000	$8,456	$930,973
Matthew McNeill	President and Chief Banking Officer	$500,000	—	$188,517	—	$234,000	$8,456	$930,973
Ryan Hildebrand	EVP and Chief Innovation Officer	$375,000	—	$120,088	—	$150,000	$10,563	$655,651

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	CEO	$630,000	—	$345,302	—	—	$27,767	$1,003,069
Matthew J. McNeill	—	$450,000	$90,000	$259,746	—	—	$20,252	$819,998
Matthew McNeill	President and Chief Banking Officer	$450,000	$90,000	$259,746	—	—	$20,252	$819,998
Christine A. Chivily	EVP and Chief Credit Officer	$320,000	$48,000	$174,972	—	—	$23,522	$566,494
Ryan Hildebrand	EVP and Chief Innovation Officer	$350,000	$75,000	$84,558	—	—	$17,557	$527,115

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	CEO	$630,000	$350,000	$467,378	—	—	$15,033	$1,462,411
Matthew McNeill	President and Chief Banking Officer	$450,000	$275,000	$336,333	—	—	$11,268	$1,072,601
Matthew J. McNeill	—	$450,000	$275,000	$336,333	—	—	$11,268	$1,072,601
Laura J. Waitz	EVP and Chief Operating Officer	$155,769	$43,595	$12,930	—	—	$690,696	$902,990
Christine A. Chivily	EVP and Chief Credit Officer	$320,000	$125,000	$137,991	—	—	$22,607	$605,598

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	President and CEO	$600,000	$540,000	$422,899	—	—	$14,660	$1,577,559
Penko Ivanov	EVP and CFO	$325,000	—	$147,996	—	—	$753,949	$1,226,945
Matthew McNeill	EVP and Chief Banking Officer	$425,000	$340,000	$310,633	—	—	$10,453	$1,086,086
Matthew J. McNeill	—	$425,000	$340,000	$310,633	—	—	$10,453	$1,086,086
Laura J. Waitz	EVP and Chief Operating Officer	$310,000	$186,000	$298,366	—	—	$15,422	$809,788
Christine A. Chivily	EVP and Chief Credit Officer	$310,000	$162,750	$298,366	—	—	$18,678	$789,794

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	President and CEO	$600,000	$405,000	$243,968	—	—	$13,394	$1,262,362
Matthew McNeill	EVP and Chief Banking Officer	$425,000	$297,500	$164,963	—	—	$963	$888,426
Matthew J. McNeill	—	$425,000	$297,500	$164,963	—	—	$963	$888,426
Matt McNeill	EVP and Chief Banking Officer	$425,000	—	$164,963	—	$297,500	$963	$888,426
Christine A. Chivily	EVP and CRCO	$300,000	—	$110,614	—	$135,000	$9,819	$555,433
Penko Ivanov	EVP and CFO	$315,000	$141,750	$76,411	—	—	$9,412	$542,573

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	President and CEO	$600,000	—	$919,040	—	$270,000	$11,548	$1,800,588
Matt McNeill	EVP and Chief Banking Officer	$326,923	—	$245,294	—	$170,000	$592	$742,809
Penko Ivanov	EVP and CFO (Company and Bank)	$315,000	—	—	—	$94,500	$6,852	$416,352
Christine A. Chivily	EVP and CRCO	$278,250	—	—	—	$83,475	$12,110	$373,835

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	President and CEO (Company and Bank)	$550,000	—	$218,475	—	$220,000	$9,402	$997,877
Christine A. Chivily	EVP and CRCO (Company and Bank)	$265,000	—	$190,755	—	$92,750	$11,514	$560,019
Penko Ivanov	EVP and CFO (Company and Bank)	$300,000	—	$147,060	—	$90,000	$6,413	$543,473
Matt McNeill	EVP and Chief Banking Officer (Company and Bank)	—	—	—	—	—	—	—

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Christopher R. Gruseke	President and CEO (Company and Bank)	$550,000	—	$330,200	—	$192,500	$10,156	$1,082,856
Penko Ivanov	EVP and CFO (Company and Bank)	$300,000	—	$165,100	—	$75,000	$8,751	$548,851
Christine A. Chivily	EVP and CRCO (Company and Bank)	$256,000	—	$49,530	—	$90,000	$10,055	$405,585

Executive changes

Person	Role	Change	Effective	Filed
Matthew McNeill	President of Bankwell Bank and Bankwell Financial Group, Inc.	Appointed	2025-01-22	2025-01-22
Jeffrey R. Dunne	Director	Appointed	2023-03-09	2023-03-09
Courtney E. Sacchetti	Executive Vice President and Chief Financial Officer	Appointed	2023-01-01	2022-11-08

Key facts CIK 1505732 CUSIP 06654A103 13F (30d) 121 filings 120 filers Visit website Investor relations