Hendry Jon 4

4 · ALERUS FINANCIAL CORP · Filed Jan 6, 2025

Form 4

Period: 2025-01-02

Chief Technology Officer & EVP

Transactions

Exercise/Conversion
Restricted Stock Units
2025-01-02−1,891→ 0 total
→ Common Stock (1,891 underlying)
Exercise/Conversion
Common Stock
2025-01-02+1,672→ 55,430 total
Exercise/Conversion
Common Stock
2025-01-02+1,891→ 57,321 total
Tax Payment
Common Stock
2025-01-02$19.14/sh−1,454$27,830→ 55,867 total
Exercise/Conversion
Restricted Stock Units
2025-01-02−1,035→ 0 total
→ Common Stock (1,035 underlying)
Exercise/Conversion
Restricted Stock Units
2025-01-02−63→ 0 total
→ Common Stock (63 underlying)
Exercise/Conversion
Common Stock
2025-01-02+1,035→ 53,695 total
Exercise/Conversion
Common Stock
2025-01-02+63→ 53,758 total
Exercise/Conversion
Restricted Stock Units
2025-01-02−1,672→ 0 total
→ Common Stock (1,672 underlying)

Holdings

Common Stock
(indirect: By Spouse)
3,000
Common Stock
(indirect: By the Alerus Financial Corporation Employee Stock Ownership Plan)
21,951.954

Footnotes (8)

[F1]On February 3, 2022, Mr. Hendry was granted 1,035 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
[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]On July 1, 2022, Mr. Hendry was granted 63 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
[F5]On February 21, 2023, Mr. Hendry was granted 1,672 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement
[F6]On February 27, 2024, Mr. Hendry was granted 1,891time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
[F7]Shares withheld upon vesting of restricted stock units for payment of tax liability.
[F8]Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.

Documents

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