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.