Form 4: Alerus Financial Corp: CEO Katie Lorenson Reports Stock Transactions
SEC Form 4 Filing
CEO Katie Lorenson reports the vesting of restricted stock units and shares held through the Employee Stock Ownership Plan.
Summary
- Katie Lorenson, CEO of Alerus Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 3, 2025, 3,858 restricted stock units vested.
- These units were part of a grant of 9,646 restricted stock units awarded on February 2, 2022.
- The vested units convert into an equal number of common stock shares.
- Lorenson also reported ownership of 2,000.0527 shares through the Alerus Financial Corporation Employee Stock Ownership Plan (ESOP).
- Following the reported transactions, Lorenson directly owns 48,365 shares of common stock and indirectly owns 2,000.0527 shares through the ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/02/2022 | Reporting person was granted 9,646 restricted stock units. |
| 02/03/2025 | 3,858 restricted stock units vested. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, ESOP, Alerus Financial Corp, ALRS, Katie Lorenson, CEO
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