Wilson Forrest 4
4 · ALERUS FINANCIAL CORP · Filed Feb 28, 2024
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.