Lorenson Katie A bought ALRS
February 26, 2026 · Form 4 insider transaction
Lorenson Katie A bought 19,022 shares of Alerus Financial Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Restricted stock units convert into common stock on a one-for-one basis.; Includes 7,609 restricted stock units that have time-based vesting components. Includes 11,413 restricted stock units that have performance-based vesting components.; 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.