Collins Jim 4
4 · ALERUS FINANCIAL CORP · Filed Jun 2, 2022
Insider Transaction Report
Form 4
Collins Jim
EVP, CBO & CRO
Transactions
- Award
Common Stock
2022-05-31+15,504→ 15,504 total - Award
Restricted Stock Units
2022-05-31+3,755→ 3,755 total→ Common Stock (3,755 underlying)
Footnotes (4)
- [F1]All 15,504 shares are shares of restricted stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
- [F3]Includes 1,502 restricted stock units that have time-based vesting components. Includes 2,253 restricted stock units that have performance-based vesting components.
- [F4]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.