Collins Jim bought ALRS
February 27, 2024 · Form 4 insider transaction
Collins Jim bought 8,150 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 2 days after the transaction.
Footnotes
Restricted stock units convert into common stock on a one-for-one basis.; Includes 3,260 restricted stock units that have time-based vesting components. Includes 4,890 restricted stock units that have performance-based vesting components.; 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.