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.
Alerus Financial Corporation filings document the regulatory record of a financial holding company operating through Alerus Financial, National Association. The filings cover earnings releases furnished on Form 8-K, Regulation FD investor presentations, dividend announcements, and capital-structure actions tied to subordinated debt and regulatory capital support for the bank subsidiary.
Proxy and governance filings describe board matters, executive compensation, equity-award disclosures, shareholder voting items, and executive severance arrangements. The company’s formal disclosures also address financial condition, operating results, common stock dividends, debt terms, and governance controls relevant to its banking, wealth services, and retirement and benefit services businesses.
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 Corporation declared a regular quarterly cash dividend of $0.21 per common share on its common stock. This dividend represents a 5.00% increase over the dividend paid a year ago, signaling modest year-over-year growth in cash returns to shareholders.
The dividend will be paid on April 10, 2026, to stockholders of record as of the close of business on March 27, 2026. A related press release was issued and attached as an exhibit, and investors can access dividend history and financial materials on Alerus’ investor relations website.
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.