Taylor Karin M 4

What Happened Karin M. Taylor, Executive Vice President and COO of Alerus Financial Corp (ALRS), had restricted stock units (RSUs) vest on February 26, 2026. A total of 6,876 RSUs were converted into common shares (one-for-one). To satisfy tax withholding on the vesting, 1,094 shares were withheld/disposed at $25.45 per share, generating a tax withholding value of $27,842. The filing also records conversion/exercise entries associated with the RSU vesting.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed on time).
• Award/vesting: 6,876 RSUs converted to common stock (code A / conversion M), $0 exercise price (RSUs).
• Tax withholding: 1,094 shares withheld (code F) at $25.45 = $27,842.
• Other entries: 3,574-share derivative conversion/entry reported as acquired and disposed consistent with the RSU conversion mechanics.
• Shares owned after transaction: total beneficial ownership not specified in the provided excerpt; filing notes include 3,012 shares of restricted stock and ESOP allocations since the last report.
• Notable footnotes:
  • F1: 3,191 performance-based RSUs granted Feb 21, 2023; payout certified at 112% and vested Feb 26, 2026.
  • F2: RSUs convert 1:1 into common stock.
  • F4: Shares were withheld upon vesting to cover tax liability.
  • F6–F7: The 6,876 RSUs break down into time-based (2,750) and performance-based (4,126) components; remaining time-based and performance tranches have later vesting/measurement dates through 2029.
  • F5: ESOP allocations reflected since last ownership filing.

Context This was a routine RSU vesting event and tax-withholding transaction rather than an open-market buy or sale that signals a trading decision. The RSUs converted to shares (derivative exercise/conversion), and withholding of shares to pay taxes is a common administrative step following vesting.