Independent Director · ALERUS FINANCIAL CORP (ALRS)

Chair, Risk Committee

Randy L. Newman — ALERUS FINANCIAL Director Compensation (2025)

Fiscal year 2025 director compensation for Randy L. Newman at ALERUS FINANCIAL CORP. Every figure below is printed as the company filed it and cited to the filing it came from.

Director compensation as of the proxy filed April 1, 2026 (DEF 14A). Open the filing on EDGAR.

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What they were paid

ALERUS FINANCIAL Director Compensation Table · all 3 fiscal years held
In US dollars, as ALERUS FINANCIAL reports it. Most recent year first. Totals are the company’s disclosed totals.
Fiscal yearCash feesStock awardsOption awardsOtherTotal
FY2025$52,000$49,999$0$0$101,999
FY2024$53,000$50,003——$103,003
FY2023$46,000$35,000——$81,000

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.

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$101,999 Randy L. Newman, FY2025 total director compensation

$500

The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.

Data as of April 1, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

How this board is paid

company policy · FY2025

ALERUS FINANCIAL pays directors a $40,000 cash retainer and $50,000 in equity.

Committees

FY2025 · as the proxy prints them

Nominating/Governance · Risk (Chair)

The rest of the ALERUS FINANCIAL board

FY2025 · as the company reported each
DirectorRoleFY2025 total
Daniel E. CoughlinChair of the Board$124,999
Galen G. VetterIndependent Director$105,249
Janet O. EstepIndependent Director$101,999
Jeffrey W. BoltonIndependent Director$93,999
John UribeIndependent Director$93,999
Katie A. LorensonDirector—
Mary E. ZimmerIndependent Director$102,249
Nikki L. SorumIndependent Director$93,999

The full ALERUS FINANCIAL compensation record

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This page is one director within ALERUS FINANCIAL's record. The company brief lists every named executive and director, each linking to their own page.

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Board Governance Report