Alerus director receives 1,772-share equity award
Vetter Galen G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Vetter Galen G reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Galen G. Vetter reported an equity compensation grant of common stock. On May 22, 2026, he received 1,772 shares of common stock at $0.00 per share as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan. These 1,772 shares are restricted stock and bring his directly held common stock to 27,311 shares.
The filing also shows indirect holdings of Alerus common stock through retirement accounts, including 1,318 shares held by a spouse IRA and 25,387 shares held by an IRA. This activity reflects a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,772 shares
Net Buy
3 txns
Insider
Vetter Galen G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,772 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,311 shares (Direct);
Common Stock — 25,387 shares (Indirect, By IRA);
Common Stock — 1,318 shares (Indirect, By Spouse IRA)
Footnotes (3)
- F1. All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.
- F2. Includes 1,772 shares of restricted stock.
- F3. Shares previously reported as directly-held by the reporting person.
Key Figures
Director award shares: 1,772 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 27,311 shares
+2 more
5 metrics
Director award shares
1,772 shares
Annual director award on May 22, 2026
Grant price per share
$0.00 per share
Equity incentive grant price
Direct holdings after grant
27,311 shares
Common stock directly held after award
Spouse IRA indirect holdings
1,318 shares
Common stock held via spouse IRA
IRA indirect holdings
25,387 shares
Common stock held via IRA
Key Terms
restricted stock, Equity Incentive Plan, IRA, annual director award
4 terms
restricted stock financial
"Includes 1,772 shares of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Equity Incentive Plan financial
"issued under the Alerus Financial Corporation 2019 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
IRA financial
"nature_of_ownership: By IRA / By Spouse IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
annual director award financial
"acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan."
FAQ
What did Galen G. Vetter report in this ALRS Form 4 filing?
Director Galen G. Vetter reported receiving 1,772 shares of Alerus Financial common stock as an annual director award. The shares were granted at $0.00 per share under the company’s 2019 Equity Incentive Plan and classified as restricted stock.
Is the ALRS Form 4 transaction a market purchase or sale?
The reported transaction is not a market purchase or sale. It is a grant of 1,772 shares of common stock as an annual director award, issued at $0.00 per share as part of Alerus Financial’s 2019 Equity Incentive Plan.
What indirect Alerus Financial (ALRS) holdings are reported for Galen G. Vetter?
The filing reports 1,318 Alerus Financial common shares held through a spouse IRA and 25,387 shares held through an IRA. Both positions are reported as indirect ownership, in addition to Vetter’s directly held 27,311 common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
