Villalon Alan 4
4 · ALERUS FINANCIAL CORP · Filed Feb 8, 2022
Insider Transaction Report
Form 4
Villalon Alan
EVP & Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2022-02-03+3,315→ 3,315 total→ Common Stock (3,315 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
- [F2]Includes 1,326 restricted stock units that have time-based vesting components. Includes 1,989 restricted stock units that have performance-based vesting components.
- [F3]The time-based restricted stock units vest on February 3, 2025. The performance-based restricted stock units vest on February 3, 2025, so long as Alerus Financial Corporation meets certain total stockholder return goals.