Every Form 4 that Alerus Financial Corporation (ALRS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow ALRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALRS filings page.
ALERUS FINANCIAL CORP (ALRS) reports that officer Kari Koob, SVP and Controller, sold 597 shares of common stock on September 14, 2026 in a sale described as an open market or private transaction at $33.13 per share. After this sale, Koob directly held 503.246 shares, which include 382 shares of restricted stock, and also had an indirect holding of 500.6112 shares through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting ESOP allocations since the prior ownership report.
ALERUS FINANCIAL CORP (ALRS) director Jeffrey Bolton reported a purchase of 1,000 shares of Common Stock on September 1, 2026, in an open-market or private transaction at $32.45 per share. After this trade, he directly owns 15,163 shares, including 1,772 shares of restricted stock and 4,567 shares held jointly with his spouse. The newly purchased 1,000 shares are also held jointly with his spouse, and no Rule 10b5-1 trading plan is reported.
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.
Alerus Financial Corp SVP and Controller Kari Koob reported routine share activity related to restricted stock vesting. On the reported date, 140 shares of common stock were withheld at $31.10 per share to cover tax liabilities arising from the vesting of restricted stock, rather than being sold in the open market. After this tax-withholding disposition, Koob directly held 1,202.246 shares of common stock, which include 660 shares of restricted stock. Separately, Koob had 493.6779 shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting allocations since the prior ownership report.
Koob Kari reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp reported that SVP and Controller Kari Koob received a grant of 1,298 restricted stock units tied to the company’s common stock. This is a compensation-related award, not an open-market trade.
The grant consists of 519 time-based units that vest on February 26, 2029 and 779 performance-based units that vest after the compensation committee certifies relative cumulative EPS and ROE goals, with certification required by March 15, 2029. Depending on performance, the payout on the performance-based portion can range from 0% to 150% of the target amount. After this grant, Koob holds 1,298 restricted stock units directly.
Alerus Financial Corp director Jeffrey Bolton completed an open-market purchase of 1,000 shares of common stock at $28.715 per share. After this transaction, he directly or jointly owns a total of 14,163 shares, including shares held with his spouse and shares of restricted stock.
Coughlin Daniel E reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Daniel E. Coughlin received 1,772 shares of common stock as a grant under the Alerus Financial Corporation 2019 Equity Incentive Plan. The award was an annual director grant with no cash purchase price.
After this grant, Coughlin holds 49,083 common shares directly, including 1,772 shares of restricted stock and 27,356 shares held jointly with his spouse. This reflects routine equity-based director compensation rather than an open-market share purchase or sale.
Bolton Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Jeffrey Bolton received an equity award of 1,772 shares of Common Stock on May 22, 2026. The shares were granted at no cash cost as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan.
Following this grant, Bolton directly or jointly holds a total of 13,163 shares, which includes 1,772 shares of restricted stock and 2,567 shares held jointly with his spouse.
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.
ESTEP JANET O reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Janet O. Estep received 1,772 shares of common stock as an annual director award under the 2019 Equity Incentive Plan. The stock was granted at no cost and includes 1,772 shares of restricted stock. After this award, she directly holds 14,841 shares.
Alerus Financial Corp director John Uribe reported an acquisition of company stock as part of his annual board compensation. He received 1,772 shares of Common Stock on May 22, 2026 in a grant or award transaction at a stated price of $0.00 per share.
After this award, Uribe directly holds 7,352 shares of Alerus Financial Corp common stock. The filing notes that his holdings now include 1,772 shares of restricted stock issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.
Zimmer Mary reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Mary Zimmer received an annual equity award of 1,772 shares of common stock, issued at no cash cost to her under the Alerus Financial Corporation 2019 Equity Incentive Plan. Following this grant, she directly owns 12,374 shares, including 1,772 shares of restricted stock and 3,809 shares held jointly with her spouse.
Alerus Financial Corp director Nikki Sorum received an equity grant. On May 22, 2026, Sorum acquired 1,772 shares of common stock at $0.00 per share as an annual director award under the 2019 Equity Incentive Plan, bringing her direct holdings to 7,352 shares, including restricted stock.
Newman Randy L reported acquisition or exercise transactions in this Form 4 filing.
Alerus Financial Corp director Randy L. Newman reported a stock grant rather than a market trade. He received 1,772 shares of common stock at no cost as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan, bringing his direct holdings to 309,886 shares, including restricted stock. He also reports additional indirect ownership through shares held by his spouse and in family trusts, one of which he serves as both trustee and beneficiary with sole voting and investment power.
Alerus Financial Corp executive Forrest Wilson received an equity award in the form of restricted stock units. On February 26, he was granted 6,602 restricted stock units that each convert into one share of common stock. After this grant, he directly holds 6,602 restricted stock units.
The award combines time-based and performance-based components. It includes 2,641 units that vest on February 26, 2029, if he remains eligible, and 3,961 units that vest based on cumulative EPS and ROE performance once the compensation committee certifies results by March 15, 2029. The performance portion can pay out between 0% and 150% of the target units depending on goal achievement.
Alerus Financial Corp CEO Katie A. Lorenson reported equity compensation activity and related share movements. On February 26, 2026, she exercised 9,363 restricted stock units, converting them into the same number of common shares at no cash exercise price. She also received a new award of 19,022 restricted stock units, which include time-based and performance-based vesting components.
Following these transactions, her direct common stock holdings were 58,531 shares, with 19,022 restricted stock units outstanding, and an additional 6,640.4572 shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Program. A separate disposition of 2,866 common shares at $25.45 per share was made solely to cover tax liabilities upon vesting, rather than an open-market sale. Footnotes explain that performance-based units granted in 2023 vested at 112% of target after the Compensation Committee certified total net income results.
Alerus Financial Corp EVP and COO Karin M. Taylor reported equity award activity involving restricted stock units and common stock. On February 26, 2026, 3,574 restricted stock units were exercised into 3,574 shares of common stock at a stated price of $0.00 per share, reflecting a conversion of prior awards.
On the same date, 1,094 common shares at $25.45 per share were withheld to cover tax liabilities upon vesting, rather than sold in an open-market transaction. Taylor also received a new grant of 6,876 restricted stock units, which convert into common stock on a one-for-one basis, bringing her directly held common stock to 28,590 shares and maintaining 6,876 restricted stock units outstanding.
Footnotes explain that earlier performance-based restricted stock units granted in 2023 vested after the compensation committee certified results at 112% of target, and that certain time-based and performance-based restricted stock units now outstanding may vest through 2029 based on time and future performance certifications. Taylor also has indirect ownership of 2,212.5242 common shares through the Alerus Financial Corporation Employee Stock Ownership Program.
Alerus Financial Corp EVP & Chief Financial Officer Alan Villalon reported equity compensation activity involving restricted stock units and common shares. On February 26, 2026, he exercised 3,217 restricted stock units, which converted into 3,217 shares of common stock at a price of $0.00 per share, leaving him with 15,719 directly held common shares.
He also received a new direct grant of 7,246 restricted stock units. Footnotes explain that these include 2,898 time-based units and 4,348 performance-based units. The time-based units vest on February 26, 2029, while the performance-based units vest upon Compensation Committee certification of relative cumulative EPS and ROE goals, with payout ranging from 0% to 150% of target if certified no later than March 15, 2029.
A prior grant of 2,872 performance-based restricted stock units from February 21, 2023 vested after the Compensation Committee certified total net income goals at a 112% payout. In addition, Villalon has an indirect interest in 775.3659 common shares through the Alerus Financial Corporation Employee Stock Ownership Program, reflecting ESOP allocations since his last ownership report.
Alerus Financial Corp executive Missy Keney reported equity compensation activity involving restricted stock units and common stock. On February 26, 2026, she exercised 2,349 restricted stock units, which converted into 2,349 shares of common stock at $0.00 per share, and received a new grant of 5,153 restricted stock units.
The filing shows a tax-withholding disposition of 608 shares of common stock at $25.45 per share to cover tax liabilities upon vesting. After these transactions, she directly held 10,206 common shares. Additional indirect holdings are reported through jointly held shares with her spouse and allocations in the Alerus Financial Corporation Employee Stock Ownership Plan in her spouse’s name.
Alerus Financial Corp EVP, CBO & CRO Jim Collins reported equity compensation changes involving restricted stock units and common shares. On February 26, 2026, 4,239 restricted stock units vested and converted into common stock, reflecting a 2023 performance-based grant certified at 112% of target. On the same date, Collins received a new grant of 9,058 restricted stock units, which includes both time-based and performance-based awards with vesting stretching to as late as March 15, 2029 depending on performance certification. To cover tax obligations upon vesting, 1,298 common shares were withheld at $25.45 per share. After these transactions, Collins directly held 16,108 common shares, plus an additional 725.3605 shares indirectly through the employee stock ownership program.
Alerus Financial Corp executive Jim Collins reported a tax-related share withholding. On the vesting of restricted stock units, 772 shares of common stock were withheld at $25.45 per share to cover tax liabilities, leaving him with 13,167 directly held shares.
This amended report corrects an earlier disclosure that had incorrectly stated 917 shares were withheld, clarifying the actual number of shares used to satisfy the tax obligation tied to his equity compensation.
ALERUS FINANCIAL CORP Chief Executive Officer Katie A. Lorenson filed an amended insider report showing a tax-related share withholding rather than an open-market trade. On the vesting of restricted stock units on February 23, 2026, 1,903 shares of common stock were withheld at $25.45 per share to cover tax liabilities. The amendment corrects an earlier report that had stated 2,025 shares were withheld. After this tax-withholding disposition, Lorenson directly owned 52,034 common shares, which includes 3,263 shares of restricted stock and 11,626 shares held jointly with her spouse.
ALERUS FINANCIAL CORP President & CEO Katie A. Lorenson reported equity award activity and related tax withholding. On February 21, 2026, 5,572 restricted stock units were exercised and converted into an equal number of common shares at $0.00 per share, increasing her direct common stock holdings to 53,937 shares. On February 23, 2026, 2,025 common shares valued at $25.45 per share were withheld to cover tax liabilities upon vesting, reducing her direct common stock holdings to 51,912 shares. She also has 2,635.5376 common shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Program, reflecting ESOP allocations since her last ownership report.
Alerus Financial Corp executive Alan Villalon reported an equity award vesting and share issuance. On February 21, 2026, 1,915 restricted stock units were exercised and converted into 1,915 shares of common stock at a stated price of $0.00 per share.
After this conversion, Villalon directly owned 12,502 shares of Alerus Financial common stock. He also had indirect ownership of 770.6404 shares through the Alerus Financial Corporation Employee Stock Ownership Program, reflecting allocations since his last ownership report. The footnotes note that the restricted stock units were originally granted on February 21, 2023 and convert to common stock on a one-for-one basis.
Alerus Financial Corp EVP, CBO & CRO Jim Collins reported equity transactions tied to a prior restricted stock unit (RSU) grant. On February 21, 2026, 2,523 RSUs granted in 2023 vested and converted into common stock on a one-for-one basis. On February 23, 2026, 917 common shares were withheld at $25.45 per share to cover tax liabilities, a non‑market disposition. Following these events, Collins directly owned 13,022 common shares and indirectly held 720.7194 common shares through the Alerus Financial Corporation Employee Stock Ownership Program, reflecting ESOP allocations since his last report.
Alerus Financial Corp executive vice president and COO Karin M. Taylor reported equity award activity rather than open‑market trading. On February 21, 2026, 2,128 restricted stock units granted in 2023 converted into the same number of common shares at $0.00 per share. Footnotes state these units convert to common stock on a one‑for‑one basis.
Following this vesting, on February 23, 2026, 774 common shares were withheld at $25.45 per share to cover tax liability, a non‑market "F" code tax‑withholding disposition. After these transactions, Taylor directly owned 26,110 common shares, including 3,012 shares of restricted stock, and had an additional 2,207.6046 shares held indirectly through the Alerus Employee Stock Ownership Program.
Alerus Financial’s Chief Engagement Officer Missy Keney reported equity award activity and related tax withholding. On February 21, 2026, 1,398 restricted stock units converted into the same number of common shares. On February 23, 2026, 436 shares held directly and 779 shares held by her spouse were withheld to cover tax liabilities, leaving 8,465 common shares held directly, plus additional indirect holdings through her spouse and the company’s employee stock ownership plan.
Alerus Financial Corp executive files amended Form 4 to correct prior tax withholding entry. The company’s EVP, CBO & CRO reported that on 12/31/2025, 1,878 shares of Alerus common stock were withheld to cover taxes upon the vesting of restricted stock, at a price of $22.32 per share. After this withholding, the executive beneficially owns 11,416 shares directly. The amendment clarifies that the original filing had incorrectly reported 1,582 shares withheld; the correct figure is 1,878 shares.