Katie Lorenson compensation by year
ALERUS FINANCIAL Summary Compensation Table · all 6 fiscal years held| Component | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Salary | $320,000 | $336,000 | $550,000 | $550,000 | $600,000 | $625,000 |
| Bonus | — | — | — | $64,625 | $0 | $0 |
| Stock awards | $96,000 | $100,800 | $275,000 | $275,000 | $360,000 | $437,500 |
| Option awards | — | — | — | — | $0 | $0 |
| Non-equity incentive | $192,000 | $201,600 | $247,320 | $173,250 | $343,200 | $484,688 |
| Pension and deferred compensation | — | — | — | — | $0 | $0 |
| All other | $27,069 | $25,473 | $28,955 | $30,530 | $36,340 | $82,992 |
| Total | $635,069 | $663,873 | $1,101,275 | $1,093,405 | $1,339,540 | $1,630,180 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: ALERUS FINANCIAL CORP DEF 14A filed April 1, 2026, accession 0001437749-26-010883, and prior-year filings. Open the filing on EDGAR.
How this page was built: the ALERUS FINANCIAL CORP filed document, accession 0001437749-26-010883. Every figure is read from that document and cited to the page and table it appears in. Filed April 1, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 30,967 | $697,377 | — |
| RSU | 23,908 | $538,408 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in ALERUS FINANCIAL CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
ALERUS FINANCIAL’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Katie Lorenson · this page | President and Chief Executive Officer | $1,630,180 |
| Jim Collins | Executive Vice President and Chief Banking and Revenue Officer | $967,397 |
| Karin Taylor | Executive Vice President and Chief Operating Officer | $848,787 |
| Forrest Wilson | Executive Vice President and Chief Retirement Services Officer | $816,197 |
| Alan Villalon | Executive Vice President and Chief Financial Officer | $768,688 |
Board service
ALERUS FINANCIAL board · FY2023–FY2025How this board is paid
Company policy: ALERUS FINANCIAL pays directors a $40,000 cash retainer and $50,000 in equity. As stated in ALERUS FINANCIAL's FY2025 proxy.
The full ALERUS FINANCIAL compensation record
free company briefThis page is one person within ALERUS FINANCIAL's record. The company brief lists every named executive, each linking to their own page.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are ALERUS FINANCIAL's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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