Form 4: Bridgewater Bancshares EVP Acquires Depositary Shares

Mary Jayne Crocker, EVP & Chief Strategy Officer of Bridgewater Bancshares, reports the acquisition of 330 depositary shares through a spousal IRA.

Summary

• On October 29, 2024, Mary Jayne Crocker, EVP & Chief Strategy Officer of Bridgewater Bancshares Inc., acquired 330 depositary shares at a price of $20.8999 per share.
• The shares were acquired indirectly through a spousal IRA.
• Following the transaction, Ms. Crocker beneficially owns 5,105 depositary shares.
• Each depositary share represents a 1/100th interest in a share of the Issuer's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects an executive's investment in the company, which can be interpreted as a sign of confidence, but it's a relatively small transaction.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This particular filing indicates an executive's investment in the company's depositary shares, which represent an interest in preferred stock.

Key Dates