Form 4 for ALRS ALERUS FINANCIAL CORP
Accepted 2026-03-02 00:00:00 ET · period of report 2026-02-26 · accession 0001437749-26-006378 · 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 | 2026-03-02 | 2026-02-26 | ALRS | Villalon Alan | EVP, CFO | M - OptEx | $0.00 | +3,217 | 15.7K | +26% | $0 |
| D | 2026-03-02 | 2026-02-26 | ALRS | Villalon Alan | EVP, CFO | A - Grant | $0.00 | +7,246 | 7,246 | New | $0 |
| D | 2026-03-02 | 2026-02-26 | ALRS | Villalon Alan | EVP, CFO | M - OptEx | $0.00 | -3,217 | 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 | 2026-02-26 | M | A | 3,217 | $0.00 | 15,719 | D | — | — | (F1) On February 21, 2023, the reporting person was granted 2,872 performance-based restricted stock units, vesting upon Alerus Financial Corporation Compensation Committee certification of established total net income goals. The payout could be increased to 150% of target or reduced to 0% based on achievement of the applicable metric. The Alerus Financial Corporation Compensation Committee certified the payout at 112% and the performance-based restricted stock units vested on February 26, 2026. (F2) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Units | 2026-02-26 | A | A | 7,246 | $0.00 | 7,246 | D | — · — to — | 7,246 Common Stock | (F4) Includes 2,898 restricted stock units that have time-based vesting components. Includes 4,348 restricted stock units that have performance-based vesting components. (F2) Restricted stock units convert into common stock on a one-for-one basis. (F5) The time-based restricted stock units vest on February 26, 2029. The performance-based restricted stock units vest upon Alerus Financial Corporation Compensation Committee certification of certain relative cumulative EPS and ROE performance period goals, provided that such certification date occurs no later than March 15, 2029. 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. |
| 3 | Derivative | Restricted Stock Units | 2026-02-26 | M | D | 3,217 | $0.00 | 0 | D | — · — to — | 3,217 Common Stock | (F2) Restricted stock units convert into common stock on a one-for-one basis. (F1) On February 21, 2023, the reporting person was granted 2,872 performance-based restricted stock units, vesting upon Alerus Financial Corporation Compensation Committee certification of established total net income goals. The payout could be increased to 150% of target or reduced to 0% based on achievement of the applicable metric. The Alerus Financial Corporation Compensation Committee certified the payout at 112% and the performance-based restricted stock units vested on February 26, 2026. |