Washington, D.C. 20549


to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 10, 2021

(Exact Name of Registrant as Specified in Its Charter)

(State or Other Jurisdiction of Incorporation)
(Commission File Number)(IRS Employer
Identification Number)
225 South Main Avenue57104
Sioux Falls,South Dakota
(Address of principal executive offices)(Zip Code)
(605) 334-2548
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par value per share
GWBNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).             Emerging growth company        
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02.     Departure of Directors or Certain Officers, Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2021, the Company’s Compensation Committee (the “Committee”) approved a one-time grant of 15,215 time based restricted shares with a grant value of $400,000 (the “RSU Award”) to Mark Borrecco, the Company’s President and Chief Executive Officer. The RSU Award is subject to a cliff vesting schedule which vests in four installments of 25% each on the first, second, third and fourth anniversary of the grant. The RSU Award was granted to incentivize the continued retention of Mr. Borrecco, and for his services, contributions and considerable efforts in the leading the Company as its CEO.
The RSU Award is granted under the Company’s 2014 Omnibus Incentive Plan, as amended, and is subject to the terms of Mr. Borrecco’s Employment Agreement dated February 6, 2020, Exhibit 10.1 to the Company’s Form 8-K filed February 11, 2020, incorporated herein by this reference, which includes provisions related to vesting upon a change in control and conditions for forfeiture.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 12, 2021
By:      /s/ Donald J. Straka
Name:      Donald J. Straka    
Title:      Corporate Secretary and General Counsel