Form 4 for ALRS ALERUS FINANCIAL CORP
Accepted 2023-02-22 00:00:00 ET · period of report 2023-02-19 · accession 0001104659-23-024390 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-22 | 2023-02-19 | ALRS | Hendry Jon | CTO, EVP | A - Grant | $0.00 | +1,616 | 51.7K | +3% | $0 |
| D | 2023-02-22 | 2023-02-19 | ALRS | Hendry Jon | CTO, EVP | M - OptEx | — | +3,232 | 50.1K | +7% | — |
| D | 2023-02-22 | 2023-02-19 | ALRS | Hendry Jon | CTO, EVP | F - Tax | $20.25 | -1,527 | 50.2K | -3% | -$30.9K |
| D | 2023-02-22 | 2023-02-19 | ALRS | Hendry Jon | CTO, EVP | M - OptEx | $0.00 | -3,232 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-19 | A | A | 1,616 | $0.00 | 51,722 | D | — | — | (F2) Includes 46,398 shares held jointly with Mr. Hendry's spouse. |
| 2 | Common | Common Stock | 2023-02-19 | M | A | 3,232 | — | 50,106 | D | — | — | (F1) Performance-based restricted stock units convert into common stock on a one-for-one basis. (F2) Includes 46,398 shares held jointly with Mr. Hendry's spouse. |
| 3 | Common | Common Stock | 2023-02-19 | F | D | 1,527 | $20.25 | 50,195 | D | — | — | (F2) Includes 46,398 shares held jointly with Mr. Hendry's spouse. |
| 4 | Derivative | Peformance-Based Restricted Stock Units | 2023-02-19 | M | D | 3,232 | $0.00 | 0 | D | — · — to — | 3,232 Common Stock | (F1) Performance-based restricted stock units convert into common stock on a one-for-one basis. (F4) On February 19, 2020 the reporting person was granted 3,232 performance-based restricted stock units, vesting on February 19, 2023, so long as Alerus Financial Corporation meets certain total stockholder return goals. |