Bolton Jeffrey 4

What Happened
Jeffrey Bolton, a director of Alerus Financial Corporation (ALRS), was granted 1,772 shares on May 22, 2026. The shares were issued as an award at $0.00 (no cash paid) under the company's 2019 Equity Incentive Plan and are reported as restricted stock.

Key Details

• Transaction date: 2026-05-22; Form 4 filed 2026-05-27 (accession 0001437749-26-018557).
• Transaction type/code: Award/Grant (A). Price: $0.00. Shares acquired: 1,772.
• Shares from this grant are restricted stock (footnote F2).
• Footnotes: F1 notes this was an annual director award under the 2019 Equity Incentive Plan; F3 notes the filing also includes 2,567 shares held jointly with Mr. Bolton’s spouse.
• The filing does not indicate a sale, tax-withholding disposition, or a 10b5-1 plan for these shares.

Context
This was a routine director equity award (compensation) rather than an open-market purchase or sale. Restricted stock typically carries vesting or transfer restrictions, so these shares may not be immediately tradable. Such awards are common for board members and are primarily compensation, not a direct signal of the insider’s near-term market view.