Lorenson Katie A 5
5 · ALERUS FINANCIAL CORP · Filed Feb 8, 2024
Insider Transaction Report
Form 5
Lorenson Katie A
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units
2023-02-21+13,931→ 13,931 total→ Common Stock (13,931 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
- [F2]Includes 5,572 restricted stock units that have time-based vesting components. Includes 8,359 restricted stock units that have performance-based vesting components.
- [F3]The time-based restricted stock units vest on February 21, 2026. The performance-based restricted stock units vest on February 21, 2026, so long as Alerus Financial Corporation meets certain total stockholder return goals.