Collins Jim 4/A
4/A · ALERUS FINANCIAL CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Alerus Financial (ALRS) EVP Jim Collins Withholds 772 Shares for Taxes
What Happened
Jim Collins, EVP, Chief Banking Officer & Chief Risk Officer of Alerus Financial, had 772 restricted stock unit (RSU) shares withheld to satisfy tax withholding upon vesting. The withholding occurred on 2026-02-23 at $25.45 per share, resulting in a disposal value of $19,647. This is a tax-withholding (Form 4 transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-23
- Price and value: 772 shares × $25.45 = $19,647
- Transaction code: F (shares withheld to cover tax liability on vested RSUs)
- Filing: Form 4 filed 2026-03-02 and marked AMENDED; original filing incorrectly reported 917 shares withheld and was corrected to 772 (footnotes F1 & F2).
- Shares owned after transaction: Not specified in the information provided.
- Timeliness: Filed 8 days after the transaction date — later than the usual 2-business-day Form 4 deadline.
Context
Tax-withholding by retaining a portion of vested RSUs is routine and reported as a disposition on Form 4; it generally reflects tax mechanics rather than a manager’s view of the stock. The amendment corrected an earlier reporting error (917 → 772 shares). The dollar amount here is modest and typically not indicative of a change in insider sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-23$25.45/sh−772$19,647→ 13,167 total
Footnotes (2)
- [F1]Shares withheld upon vesting of restricted stock units for payment of tax liability.
- [F2]The Form 4, as originally filed, incorrectly reported 917 shares withheld upon the vesting of restricted stock for the payment of tax liabilities. The total number of shares actually withheld was 772.