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

Alan Villalon, CFO of Alerus Financial Corp, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.

Summary

• Alan Villalon, the Chief Financial Officer of Alerus Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 3, 2025, 1,326 restricted stock units vested, converting into common stock.
• Villalon then sold 477 shares at $21.14 to cover tax liabilities associated with the vesting.
• Following these transactions, Villalon directly owns 8,237 shares of common stock and indirectly owns 236.9713 shares through the Alerus Financial Corporation Employee Stock Ownership Plan.
• He also holds 1,989 restricted stock units with performance-based vesting components.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard compensation practices involving stock-based compensation.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the initial vesting of shares, offset slightly by the sale of shares to cover taxes.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Stock Options, Alerus Financial Corp, ALRS, Alan Villalon, CFO, Vesting, Tax Liability, ESOP