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ALERUS FINANCIAL CORP — Director's Dealing 2025
Feb 28, 2025
32725_dirs_2025-02-28_4b778f34-3aa6-4961-9918-64659912835f.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: 2025-02-26
Reporting Person: Koob Kari (Director of Accounting)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-26 | Restricted Stock Units | $ | A | 921 | Acquired | Common Stock (921) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
F2: Includes 368 restricted stock units that have time-based vesting components. Includes 553 restricted stock units that have performance-based vesting components.
F3: The time-based restricted stock units vest on February 26, 2028. The performance-based restricted stock units vest no later than March 15, 2028, 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.