Koob Kari 4
4 · ALERUS FINANCIAL CORP · Filed Feb 28, 2025
Insider Transaction Report
Form 4
Koob Kari
Director of Accounting
Transactions
- Award
Restricted Stock Units
2025-02-26+921→ 921 total→ Common Stock (921 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
- [F2]Includes 368 restricted stock units that have time-based vesting components. Includes 553 restricted stock units that have performance-based vesting components.
- [F3]The time-based restricted stock units vest on February 26, 2028. The performance-based restricted stock units vest no later than March 15, 2028, 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.