4//SEC Filing
Wilson Forrest 4
Accession 0001104659-24-028703
CIK 0000903419other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:05 PM ET
Size
7.8 KB
Accession
0001104659-24-028703
Insider Transaction Report
Form 4
Wilson Forrest
EVP & Chief Ret. Svcs. Officer
Transactions
- Award
Common Stock
2024-02-26+9,204→ 9,204 total - Award
Restricted Stock Units
2024-02-27+5,723→ 5,723 total→ Common Stock (5,723 underlying)
Footnotes (4)
- [F1]All 9,204 shares are restricted stock.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Includes 2,289 restricted stock units that have time-based vesting components. Includes 3,434 restricted stock units that have performance-based vesting components.
- [F4]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.
Documents
Issuer
ALERUS FINANCIAL CORP
CIK 0000903419
Entity typeother
Related Parties
1- filerCIK 0002012603
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:05 PM ET
- Size
- 7.8 KB