4//SEC Filing
Hendry Jon 4
Accession 0001104659-24-029362
CIK 0000903419other
Filed
Feb 28, 7:00 PM ET
Accepted
Feb 29, 4:06 PM ET
Size
13.7 KB
Accession
0001104659-24-029362
Insider Transaction Report
Form 4
Hendry Jon
Chief Technology Officer & EVP
Transactions
- Exercise/Conversion
Common stock
2024-02-27+2,298→ 53,192 total - Tax Payment
Common Stock
2024-02-27$21.84/sh−724$15,812→ 52,468 total - Exercise/Conversion
Restricted Stock Units
2024-02-27−2,298→ 0 total→ Common Stock (2,298 underlying) - Award
Restricted Stock Units
2024-02-27+4,728→ 4,728 total→ Common Stock (4,728 underlying)
Holdings
- 3,000(indirect: By Spouse)
Common Stock
- 21,663.35(indirect: By the Alerus Financial Corporation Employee Stock Ownership Plan)
Common Stock
Footnotes (6)
- [F1]On February 17, 2021, Mr. Hendry was granted 1,532 performance-based restricted stock units, vesting no later than March 15, 2024, so long as Alerus Financial Corporation meets certain cumulative net income goals.The payout could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics. The Alerus Financial Corporation Compensation Committee certified the payout at 150% and the performance-based restricted stock units vested on February 27, 2024.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Includes 46,398 shares held jointly with Mr. Hendry's spouse.
- [F4]Shares withheld upon vesting of restricted stock units for payment of tax liability.
- [F5]Includes 1,891 restricted stock units that have time-based vesting components. Includes 2,837 restricted stock units that have performance-based vesting components.
- [F6]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 0001942217
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Feb 29, 4:06 PM ET
- Size
- 13.7 KB