ALRS · Alerus Financial Corp · Executive Compensation

$32.67 +0.94 (+2.96%) At close · Oct 2

Russell 2000 member Rebalance outlook locked

Market Cap

$798.40M

24.90M

Volume · Oct 2 201.57K Avg daily vol (3M) 188.86K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Katie Lorenson	President and Chief Executive Officer	$625,000	—	$437,500	—	$484,688	$82,992	$1,630,180
Katie A. Lorenson	President and Chief Executive Officer	$625,000	—	$437,500	—	$484,688	$82,992	$1,630,180
Jim Collins	Executive Vice President and Chief Banking and Revenue Officer	$465,000	—	$186,000	—	$262,260	$54,137	$967,397
Karin Taylor	Executive Vice President and Chief Operating Officer	$405,000	—	$162,000	—	$228,420	$53,367	$848,787
Forrest Wilson	Executive Vice President and Chief Retirement Services Officer	$390,000	—	$156,000	—	$219,960	$50,237	$816,197
Alan Villalon	Executive Vice President and Chief Financial Officer	$360,000	—	$162,000	—	$203,040	$43,648	$768,688

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Katie A. Lorenson	President and Chief Executive Officer	$600,000	—	$360,000	—	$343,200	$36,340	$1,339,540
Katie Lorenson	President and Chief Executive Officer	$600,000	—	$360,000	—	$343,200	$36,340	$1,339,540
Forrest Wilson	Executive Vice President and Chief Retirement Services Officer	$317,307	$150,000	$325,000	—	$130,000	$27,080	$949,387
Jim Collins	Executive Vice President and Chief Banking and Revenue Officer	$445,000	—	$178,000	—	$185,120	$33,766	$841,886
Karin Taylor	Executive Vice President and Chief Operating Officer	$378,000	—	$151,200	—	$157,248	$35,069	$721,517
Alan Villalon	Executive Vice President and Chief Financial Officer	$345,000	—	$138,000	—	$143,520	$34,959	$661,479

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Katie A. Lorenson	President and Chief Executive Officer	$550,000	$64,625	$275,000	—	$173,250	$30,530	$1,093,405
Katie Lorenson	President and Chief Executive Officer	$550,000	$64,625	$275,000	—	$173,250	$30,530	$1,093,405
Jim Collins	Executive Vice President and Chief Banking and Revenue Officer	$422,212	$40,420	$124,500	—	$108,360	$30,530	$726,022
Karin Taylor	Executive Vice President and Chief Operating Officer	$357,212	$34,310	$109,500	—	$91,980	$29,880	$622,882

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Katie Lorenson	President and Chief Executive Officer	$550,000	—	$275,000	—	$247,320	$28,955	$1,101,275
Katie A. Lorenson	President and Chief Executive Officer	$550,000	—	$275,000	—	$247,320	$28,955	$1,101,275
Karin Taylor	Executive Vice President and Chief Operating Officer	$332,500	—	$105,000	—	$119,613	$27,606	$584,719

Executive changes

Person	Role	Change	Effective	Filed
Jeffrey Bolton	director	Appointed	2024-10-09	2024-10-09
Jon Hendry	Executive Vice President and Chief Technology Officer	Retired	2024-12-31	2024-04-29
Forrest Wilson	Executive Vice President and Chief Retirement Services Officer	Appointed	2024-02-26	2024-02-22
Michael Mathews	member of the Company's board of directors	Resigned	2024-02-14	2024-02-16
John Uribe	director	Appointed	2023-12-13	2023-12-14
Nikki Sorum	director	Appointed	2023-12-13	2023-12-14
Jerrod K. Hanson	Chief Accounting Officer and Senior Vice President	Resigned	2023-08-18	2023-07-28
Jill Schurtz	member of the Company's board of directors	Resigned	2022-09-30	2022-10-05
Ann McConn	Chief Shared Services Officer	Retired	2023-01-06	2022-07-20

Key facts CIK 903419 CUSIP 01446U103 13F (30d) 3 filings 3 filers Visit website Investor relations