4//SEC Filing
Keney Missy 4
Accession 0001104659-24-029366
CIK 0000903419other
Filed
Feb 28, 7:00 PM ET
Accepted
Feb 29, 4:10 PM ET
Size
13.0 KB
Accession
0001104659-24-029366
Insider Transaction Report
Form 4
Keney Missy
Chief Engagement Officer
Transactions
- Award
Restricted Stock Units
2024-02-27+4,375→ 4,375 total→ Common Stock (4,375 underlying) - Exercise/Conversion
Common stock
2024-02-27+504→ 6,896 total - Exercise/Conversion
Restricted Stock Units
2024-02-27−504→ 0 total→ Common Stock (504 underlying)
Holdings
- 4,345(indirect: By Spouse)
Common Stock
- 3,826.53(indirect: By the Alerus Financial Corporation Employee Stock Ownership Plan)
Common Stock
- 4,426.43(indirect: By the Alerus Financial Corporation Employee Stock Ownership Plan)
Common Stock
Footnotes (7)
- [F1]On February 17, 2021, Ms. Keney was granted 336 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 3,738 shares held jointly with Ms. Keney's spouse.
- [F4]Includes 2,500 shares of restricted stock.
- [F5]All shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.
- [F6]Includes 1,750 restricted stock units that have time-based vesting components. Includes 2,625 restricted stock units that have performance-based vesting components.
- [F7]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 0001941903
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Feb 29, 4:10 PM ET
- Size
- 13.0 KB