Katie Lorenson is President and Chief Executive Officer of Alerus Financial Corp (ALRS). The company reported total compensation of $1,630,180 for fiscal year 2025.
| Salary | $625,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $437,500 |
| Option awards | $0 |
| Non-equity incentive plan | $484,688 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $82,992 |
| Total | $1,630,180 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Alerus Financial Corp filed April 1, 2026, accession 0001437749-26-010883.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer | $625,000 | $0 | $437,500 | $0 | $484,688 | $0 | $82,992 | $1,630,180 |
| FY2024 | President and Chief Executive Officer | $600,000 | — | $360,000 | — | $343,200 | — | $36,340 | $1,339,540 |
| FY2023 | President and Chief Executive Officer | $550,000 | $64,625 | $275,000 | — | $173,250 | — | $30,530 | $1,093,405 |
| FY2022 | President and Chief Executive Officer | $550,000 | — | $275,000 | — | $247,320 | — | $28,955 | $1,101,275 |
| FY2021 | Executive Vice President & Chief Financial Officer | $336,000 | — | $100,800 | — | $201,600 | — | $25,473 | $663,873 |
| FY2020 | Executive Vice President & Chief Financial Officer | $320,000 | — | $96,000 | — | $192,000 | — | $27,069 | $635,069 |
Totals as disclosed in each year's own compensation disclosure for Alerus Financial Corp.
| Peer-group chief executive median | $2,057,760 |
|---|---|
| Difference from that median | $-427,580 |
| Percentile within the disclosed peer group | 23rd |
| Peers with a disclosed figure | 22 |
Medians and percentiles are computed across the peer group Alerus Financial Corp discloses in its own compensation disclosure.
| 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 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Alerus Financial Corp compensation brief.
Katie Lorenson's compensation sits inside Alerus Financial Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.