Bridgewater Bancshares, Inc._2024 Proxy Statement

PAY VERSUS PERFORMANCE

CEO and Average Non-CEO NEO CAP vs the Company’s Net Income

$60

$2,500

$50

$2,000

$40

$1,500

$30

$1,000

$20

$500

$10

Net Income ($ in millions)

Compensation ($ in thousands)

$0

$-

2021

2022

2023

CEO Compensation Actually Paid

Average NEO Compensation Actually Paid

Net Income

CEO and Average Non-CEO NEO CAP vs PPNR

$- $10 $20 $30 $40 $50 $60 $70 $80 $90

$2,500

$2,000

$1,500

$1,000

PPNR ($ in millions)

$500

Compensation ($ in thousands)

$0

2021

2022

2023

CEO Compensation Actually Paid

Average NEO Compensation Actually Paid

PPNR

1 Represents a non-GAAP financial measure. See “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures” i n the 2023 Form 10-K for further details

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Bridgewater Bancshares, Inc.