4//SEC Filing
Villalon Alan 4
Accession 0001104659-24-029370
CIK 0000903419other
Filed
Feb 28, 7:00 PM ET
Accepted
Feb 29, 4:11 PM ET
Size
6.1 KB
Accession
0001104659-24-029370
Insider Transaction Report
Form 4
Villalon Alan
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-02-27+6,319→ 6,319 total→ Common Stock
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Includes 2,528 restricted stock units that have time-based vesting components. Includes 3,791 restricted stock units that have performance-based vesting components.
- [F3]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 0001909920
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Feb 29, 4:11 PM ET
- Size
- 6.1 KB