Form 4: Alerus Financial Executive Withholds Shares for Tax

Alerus Financial Corp. EVP, CBO & CRO Jim Collins disposed of 1,582 common shares to cover tax liabilities from restricted stock vesting.

Summary

• Jim Collins, EVP, CBO & CRO of Alerus Financial Corp. (ALRS), reported a transaction on December 31, 2025.
• 1,582 shares of common stock were disposed of at a price of $22.32 per share.
• This disposition was due to shares being withheld to cover tax liabilities upon the vesting of restricted stock.
• Following this transaction, Jim Collins directly beneficially owns 11,712 shares of common stock.
• Additionally, 661.6675 shares are indirectly owned through the Alerus Financial Corporation Employee Stock Ownership Plan (ESOP), reflecting recent ESOP allocations.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction where shares were withheld to cover tax liabilities upon the vesting of restricted stock. This is a standard compensation-related event and does not indicate a discretionary sale or purchase by the executive, nor does it reflect on the company's operational performance or future prospects in a significant way.

Positives

• Vesting of restricted stock indicates executive compensation is being realized, potentially aligning executive interests with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact on share price or company valuation as it's a non-discretionary tax-related sale.
• Employees: The ESOP allocation reflects ongoing employee benefits and ownership opportunities for participating employees.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock. Such transactions are common and typically do not reflect a change in the executive's confidence in the company or its future prospects. Therefore, it provides no new material information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Alerus Financial, ALRS, Jim Collins, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Executive Compensation, Common Stock, Employee Stock Ownership Plan