Form 4: Alerus Financial Corp: Director Acquires Shares

Daniel E. Coughlin, a Director at Alerus Financial Corp, acquired 1,772 shares of common stock through an annual director award.

Summary

• Daniel E. Coughlin, a Director at Alerus Financial Corp (ALRS), acquired 1,772 shares of common stock on May 22, 2026.
• These shares were acquired as part of an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan.
• The acquisition was made at a price of $0, indicating it was an award rather than a market purchase.
• Following this transaction, Mr. Coughlin beneficially owns 49,083 shares.
• This total includes 1,772 shares of restricted stock and 27,356 shares held jointly with his spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine director award and not a significant strategic or financial event.

Positives

• Director acquisition of shares signals confidence in the company.
• Shares acquired through an annual director award, indicating a standard compensation practice.
• Mr. Coughlin's beneficial ownership increases, reflecting continued investment in the company.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that director awards are a common form of compensation in the financial services industry, aligning executive and director interests with shareholder value.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively, indicating continued commitment and confidence in the company's prospects.

Key Dates

Keywords

Alerus Financial Corp, ALRS, Form 4, Director Award, Equity Incentive Plan, Beneficial Ownership, Restricted Stock, Insider Trading