Jim Collins - May 31, 2022 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP, CBO & CRO
Signature
/s/ Scott Fenske, by power of attorney
Stock symbol
ALRS
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 04:04 PM
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common Stock Award $0 +15.5K $0.00 15.5K May 31, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALRS Restricted Stock Units Award $0 +3.76K $0.00 3.76K May 31, 2022 Common Stock 3.76K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All 15,504 shares are shares of restricted stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
F3 Includes 1,502 restricted stock units that have time-based vesting components. Includes 2,253 restricted stock units that have performance-based vesting components.
F4 The time-based restricted stock units vest on February 3, 2025. The performance-based restricted stock units vest on February 3, 2025, so long as Alerus Financial Corporation meets certain total stockholder return goals.