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ALERUS FINANCIAL CORP — Director's Dealing 2024
Feb 29, 2024
32725_dirs_2024-02-29_51f85632-b2fc-4dff-b317-f7d869a2c918.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2024-02-27
Reporting Person: Collins Jim (EVP, CBO & CRO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-27 | Restricted Stock Units | $ | A | 8150 | Acquired | Common Stock (8150) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 3,260 restricted stock units that have time-based vesting components. Includes 4,890 restricted stock units that have performance-based vesting components.
F3: 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.