0001104659-24-029366.txt : 20240229
0001104659-24-029366.hdr.sgml : 20240229
20240229161005
ACCESSION NUMBER: 0001104659-24-029366
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240227
FILED AS OF DATE: 20240229
DATE AS OF CHANGE: 20240229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Keney Missy
CENTRAL INDEX KEY: 0001941903
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39036
FILM NUMBER: 24703681
MAIL ADDRESS:
STREET 1: 401 DEMERS AVENUE
CITY: GRAND FORKS
STATE: ND
ZIP: 58201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ALERUS FINANCIAL CORP
CENTRAL INDEX KEY: 0000903419
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 450375407
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 401 DEMERS AVE
CITY: GRAND FORKS
STATE: ND
ZIP: 58201
BUSINESS PHONE: 7017953200
MAIL ADDRESS:
STREET 1: PO BOX 6001
STREET 2: 401 DEMERS AVE
CITY: GRAND FORKS
STATE: ND
ZIP: 58206-6001
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST NATIONAL CORP NORTH DAKOTA
DATE OF NAME CHANGE: 19980312
4
1
tm245214-20_4seq1.xml
OWNERSHIP DOCUMENT
X0508
4
2024-02-27
0
0000903419
ALERUS FINANCIAL CORP
ALRS
0001941903
Keney Missy
401 DEMERS AVENUE
GRAND FORKS
ND
58201
0
1
0
0
Chief Engagement Officer & EVP
0
Common stock
2024-02-27
4
M
0
504
0
A
6896
D
Common Stock
4345
I
By spouse
Common Stock
3826.5300
I
By the Alerus Financial Corporation Employee Stock Ownership Plan
Common Stock
4426.4300
I
By the Alerus Financial Corporation Employee Stock Ownership Plan
Restricted Stock Units
2024-02-27
4
M
0
504
0.00
D
Common Stock
504
0
D
Restricted Stock Units
2024-02-27
4
A
0
4375
0.00
A
Common Stock
4375
4375
D
On February 17, 2021, Ms. Keney was granted 336 performance-based restricted stock units, vesting no later than March 15, 2024, so long as Alerus Financial Corporation meets certain cumulative net income goals.The payout could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics. The Alerus Financial Corporation Compensation Committee certified the payout at 150% and the performance-based restricted stock units vested on February 27, 2024.
Restricted stock units convert into common stock on a one-for-one basis.
Includes 3,738 shares held jointly with Ms. Keney's spouse.
Includes 2,500 shares of restricted stock.
All shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.
Includes 1,750 restricted stock units that have time-based vesting components. Includes 2,625 restricted stock units that have performance-based vesting components.
The time-based restricted stock units vest on February 27, 2027. The performance-based restricted stock units vest no later than March 15, 2027, so long as Alerus Financial Corporation meets certain cumulative EPS and ROE goals. The payout for performance-based restricted stock units could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics.
/s/ Nicholas Brenckman, by power of attorney
2024-02-29