February 26, 2026 · Form 4 insider transaction
Lorenson Katie A bought 9,363 shares of Alerus Financial Corp at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
On February 21, 2023, the reporting person was granted 8,359 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.; Restricted stock units convert into common stock on a one-for-one basis.; Includes 3,263 shares of restricted stock and 11,626 shares held jointly with Ms. Lorenson's spouse.