Form 4: Alerus Financial Corp CFO Alan Villalon Reports Stock Transactions

Chief Financial Officer of Alerus Financial Corp, Alan Villalon, reports the withholding of shares for tax liability and an increase in shares held through the Employee Stock Ownership Plan.

Summary

• Alan Villalon, the Chief Financial Officer of Alerus Financial Corp, reported a transaction on January 28, 2025.
• 1,899 shares of common stock were withheld to cover tax liabilities at a price of $20.22 per share.
• Additionally, 233.5069 shares were added to his holdings through the Alerus Financial Corporation Employee Stock Ownership Plan.
• Following these transactions, Villalon directly owns 7,388 shares and indirectly owns 233.5069 shares through the ESOP.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any significant positive or negative sentiment. The increase in ESOP holdings is a positive sign.

Positives

• The increase in shares through the Employee Stock Ownership Plan indicates a positive alignment of interests between the executive and the company's performance.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions reported are typical for executives who receive stock-based compensation and participate in employee stock ownership plans.
• Similar filings can be seen across the financial services industry for executives at comparable companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Alerus Financial Corp, Alan Villalon, Chief Financial Officer, stock transaction, Form 4, employee stock ownership plan, ESOP, tax liability, share withholding