Alerus (ALRS) SVP Koob reports 102-share tax withholding on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alerus Financial Corp SVP and Controller Kari Koob reported routine equity compensation activity. On restricted stock vesting, 102 common shares were withheld at $31.11 per share to cover tax liabilities, a non-market tax-withholding disposition rather than an open-market sale.
After this event, Koob directly holds 1,100.246 common shares, including 382 shares of restricted stock. Separately, 494.0163 shares are held indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting ESOP allocations since the prior ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Koob Kari
Role
SVP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 102 | $31.11 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,100.246 shares (Direct, null);
Common Stock — 494.016 shares (Indirect, By the Alerus Financial Corporation Employee Stock Ownership Plan)
Footnotes (1)
- Shares withheld upon vesting of restricted stock for payment of tax liability. Includes 382 shares of restricted stock. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
Key Figures
Tax-withheld shares: 102 shares
Withholding price: $31.11 per share
Direct shares after transaction: 1,100.246 shares
+3 more
6 metrics
Tax-withheld shares
102 shares
Withheld for tax liability on restricted stock vesting
Withholding price
$31.11 per share
Value used for tax-withholding disposition
Direct shares after transaction
1,100.246 shares
Direct common stock holdings following tax withholding
Restricted stock included
382 shares
Restricted shares included in direct holdings
Indirect ESOP shares
494.0163 shares
Held via Alerus Financial Corporation Employee Stock Ownership Plan
Tax-withholding entries
1 transaction, 102 shares
Summary of F-code tax-withholding activity in this filing
Key Terms
restricted stock, Employee Stock Ownership Plan, tax-withholding disposition, non-derivative
4 terms
restricted stock financial
"Shares withheld upon vesting of restricted stock for payment of tax liability."
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.
Employee Stock Ownership Plan financial
"By the Alerus Financial Corporation Employee Stock Ownership Plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What did Alerus Financial (ALRS) insider Kari Koob report in this Form 4?
Kari Koob reported routine equity compensation activity, with 102 Alerus shares withheld to pay taxes on restricted stock vesting. This is a tax-withholding disposition, not an open-market sale, and reflects standard treatment of vested stock awards.
What does the Employee Stock Ownership Plan holding mean for Alerus (ALRS) insider Koob?
Koob’s indirect holding of 494.0163 shares is through the Alerus Financial Corporation Employee Stock Ownership Plan. This balance reflects ESOP allocations since the last ownership report and represents retirement-related plan holdings rather than recent open-market trading activity.