Lorenson Katie A 4/A
4/A · ALERUS FINANCIAL CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Alerus CEO Katie Lorenson Withholds 1,903 Shares for Taxes
What Happened Katie A. Lorenson, CEO of Alerus Financial Corp (ALRS), had 1,903 restricted stock units (RSUs) withheld upon vesting to satisfy tax liabilities on Feb 23, 2026. The withholding was recorded at $25.45 per share for a total value of approximately $48,431. This is a tax-withholding (F) transaction—shares were surrendered for taxes, not sold in the open market.
Key Details
- Transaction date and price: Feb 23, 2026; 1,903 shares withheld at $25.45 each (total ≈ $48,431).
- Transaction type/code: F — shares withheld to pay tax liability on vested RSUs.
- Shares owned following the transaction: 14,889 total (3,263 restricted stock + 11,626 held jointly with spouse), per filing footnote.
- Filing status: Amended Form 4 filed Mar 2, 2026 correcting an earlier error (originally reported 2,025 shares withheld; actual was 1,903).
- Footnotes: F1 = withholding upon RSU vesting; F2 = correction of previously reported amount; F3 = breakdown of post-transaction holdings.
Context Tax-withholding on RSU vesting is a routine administrative event and does not indicate a voluntary sale or trading decision by the insider. The amendment corrects the originally reported withholding amount and ensures the public record accurately reflects the number of shares surrendered for taxes.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-02-23$25.45/sh−1,903$48,431→ 52,034 total
Footnotes (3)
- [F1]Shares withheld upon vesting of restricted stock units for payment of tax liability.
- [F2]The Form 4, as originally filed, incorrectly reported 2,025 shares withheld upon the vesting of restricted stock for the payment of tax liabilities. The total number of shares actually withheld was 1,903.
- [F3]Includes 3,263 shares of restricted stock and 11,626 shares held jointly with Ms. Lorenson's spouse.