Form 4 for ALRS ALERUS FINANCIAL CORP
Accepted 2024-02-28 00:00:00 ET · period of report 2024-02-26 · accession 0001104659-24-028703 · 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 | 2024-02-28 | 2024-02-26 | ALRS | Wilson Forrest | EVP, Chief Ret. Svcs. Off | A - Grant | $0.00 | +9,204 | 9,204 | New | $0 |
| D | 2024-02-28 | 2024-02-27 | ALRS | Wilson Forrest | EVP, Chief Ret. Svcs. Off | A - Grant | $0.00 | +5,723 | 5,723 | New | $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 | 2024-02-26 | A | A | 9,204 | $0.00 | 9,204 | D | — | — | (F1) All 9,204 shares are restricted stock. |
| 2 | Derivative | Restricted Stock Units | 2024-02-27 | A | A | 5,723 | $0.00 | 5,723 | D | — · — to — | 5,723 Common Stock | (F3) Includes 2,289 restricted stock units that have time-based vesting components. Includes 3,434 restricted stock units that have performance-based vesting components. (F2) Restricted stock units convert into common stock on a one-for-one basis. (F4) The time-based restricted stock units vest on February 27, 2027. The performance-based restricted stock units vest no later than March 15, 2027, so long as Alerus Financial Corporation meets certain cumulative EPS and ROE goals. The payout for performance-based restricted stock units could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics. |