Earnings Feed
Start Free
ALERUS FINANCIAL CORP·4

Mar 2, 4:08 PM ET

Villalon Alan 4

Research Summary

AI-generated summary

Updated

ALERUS (ALRS) CFO Alan Villalon Exercises RSUs and Receives New RSU Award

What Happened

  • Alan Villalon, Chief Financial Officer of Alerus Financial Corp (ALRS), had 3,217 vested performance-based restricted stock units convert into common stock on Feb 26, 2026 (exercise/conversion reported at $0). The same filing also records a simultaneous disposition of 3,217 derivative units (reported at $0); the report does not specify the reason for that disposition. Additionally, Villalon was granted 7,246 restricted stock units on the same date (reported as an award at $0).

Key Details

  • Transaction date: February 26, 2026.
  • Conversions/Exercises: 3,217 shares converted from vested performance RSUs @ $0 per share (total $0 reported).
  • Disposition: 3,217 derivative units disposed @ $0 per share (reported as a derivative disposition; reason not specified in the filing).
  • Grant: 7,246 restricted stock units awarded @ $0 per unit (total $0 reported).
  • Shares owned after transaction: Not disclosed in the provided filing excerpt.
  • Notable footnotes:
    • The 3,217 shares come from a 2,872 performance-RSU grant made Feb 21, 2023, certified at 112% payout by the Compensation Committee (2,872 × 112% ≈ 3,217). (F1, F2)
    • The 7,246 RSU award includes 2,898 time‑based RSUs and 4,348 performance‑based RSUs. (F4)
    • Time-based RSUs vest on Feb 26, 2029; performance RSUs vest upon committee certification of relative cumulative EPS and ROE goals (no later than Mar 15, 2029). Payouts for performance RSUs may range from 0% to 150% of target based on achievement. (F5)
    • The filing shows $0 consideration for the reported conversions and awards (routine compensation/vesting activity rather than open‑market trades).

Context

  • These entries reflect compensation plan activity (RSU conversion/vesting and new RSU grants), not open‑market purchases or sales by the insider. Such award conversions and grants are common for executive compensation and do not, on their own, indicate a buy/sell signal.
  • For clarity: a conversion/exercise of RSUs means the restricted units vested and were converted into shares; the filing’s simultaneous disposition of the same number of derivative units is recorded but not explained in the excerpt (commonly such dispositions can reflect withholding or settlement mechanics, but the filing does not specify).
  • No late‑filing flag was indicated in the provided information.