Form 4: Bridgewater Bancshares Director Acquires Shares
Insider Transaction Report
Bridgewater Bancshares Director James S. Johnson acquired 1,164 shares of common stock, increasing his direct beneficial ownership.
Summary
- Director James S. Johnson acquired 1,164 shares of Bridgewater Bancshares Inc. common stock.
- The transaction occurred on September 30, 2025, with an acquisition price of $0 per share, indicating a likely grant or award.
- Following this transaction, Johnson directly owns 98,947 shares of common stock.
- He also indirectly owns 59,250 shares through the James S. Johnson Trust, 76,750 shares through the Jolynn Johnson Trust, and 10,417 shares through a Spouse IRA.
- A Power of Attorney was executed on August 25, 2025, appointing Benjamin Klocke and Charlynn Stevens to handle SEC filings for Mr. Johnson.
Sentiment
Score: 7
Explanation: The filing indicates an increase in director ownership, likely through an equity grant, which is generally a positive signal as it aligns management interests with shareholders. There are no negative disclosures.
Positives
- Director James S. Johnson increased his direct beneficial ownership in Bridgewater Bancshares Inc. by acquiring 1,164 shares.
- The acquisition at a price of $0 suggests these shares were likely part of an equity compensation plan, aligning management interests with shareholders.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing reports a routine insider transaction for Bridgewater Bancshares Inc. and does not provide information relevant to broader industry trends or competitor analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Delegation | Director James S. Johnson granted a Power of Attorney to Benjamin Klocke and Charlynn Stevens to prepare, execute, and submit SEC Forms 3, 4, 5, and 144, and manage his EDGAR account for compliance with Section 16(a) of the Exchange Act. | August 25, 2025 | Streamlines the reporting person's compliance with SEC filing requirements, ensuring timely and accurate disclosure of beneficial ownership changes. |
Related Party Transactions
- Indirect beneficial ownership of 59,250 shares through the James S. Johnson Trust, where Mr. Johnson serves as co-trustee.
- Indirect beneficial ownership of 76,750 shares through the Jolynn Johnson Trust, where Mr. Johnson serves as co-trustee.
- Indirect beneficial ownership of 10,417 shares through a Spouse IRA.
Stakeholder Impact
- Shareholders: The increase in director ownership may be viewed positively, signaling continued confidence in the company's prospects and aligning the director's financial interests with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/25/2025 | Execution date of the Power of Attorney by James Johnson. |
| 09/30/2025 | Date of the common stock acquisition transaction by James S. Johnson. |
| 10/01/2025 | Signature date for the Form 4 filing by Attorney-in-Fact Ben Klocke. |
Recommendation
holdThe filing reports a routine acquisition of shares by a director, likely as part of an equity compensation plan. While increasing insider ownership is generally a positive signal, this specific transaction alone does not provide sufficient new information to warrant a change from a 'hold' recommendation. It primarily indicates ongoing alignment of management interests with shareholders.
Keywords
Bridgewater Bancshares, BWB, James S. Johnson, Director, Share Acquisition, Insider Transaction, Form 4, Common Stock, Equity Compensation
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