Welcome to our dedicated page for Alerus Finl SEC filings (Ticker: ALRS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Alerus Financial Corporation reported two material items: the board approved an executive severance agreement for CEO Katie A. Lorenson and declared a cash dividend. The Severance Agreement (effective August 28, 2025) provides payments if the CEO is terminated by the company without Cause before a Change in Control or if termination occurs within 24 months after a Change in Control. For pre-Change-in-Control termination the CEO would receive 2.0 times a defined Severance Pay paid over 12 months; for qualifying post-Change-in-Control termination she would receive 2.99 times Severance Pay paid in a lump sum. The agreement has a 24-month evergreen term terminable on 120 days' notice prior to a Change in Control. The board also declared a $0.21 per share cash dividend payable October 10, 2025 to holders of record on September 26, 2025.
Alerus Financial Corp. (ALRS) Form 4: EVP & CFO Alan Villalon reported an open-market purchase of company stock.
- Date of transaction: 07/31/2025
- Shares acquired: 2,350 common shares
- Purchase price: $21.21 per share
- Direct ownership after trade: 10,587 shares
- Indirect ownership: 672.8807 shares held via the Alerus Financial Corporation Employee Stock Ownership Plan (ESOP), reflecting allocations since the prior report
- Derivative securities: None reported
The filing, signed 08/04/2025, shows the CFO increasing his personal stake, which can signal confidence in ALRS’s prospects. No sales or other dispositions were disclosed.