{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-065575","form_type":"8-K","ticker":"ALRS","cik":"0000903419","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.389714+00:00","generated_at":"2026-06-01T08:28:52.504666+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Alerus adopts LTIP, amends equity plan, and secures CEO severance","bullets":["LTIP provides annual RSU awards (40% time-based, 60% performance-based) with 3-year vesting tied to KBW Regional Bank Index performance.","2019 Equity Plan amended to exclude certain awards from one-year vesting minimum and allow accelerated vesting for retirement, death, disability, or corporate transaction.","Severance agreement with CEO Katie Lorenson for 1x pay (non-CIC) or 2.99x lump sum (post-CIC) upon termination without cause or for good reason."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-065575","json":"https://secwatch.observer/filing/0001104659-24-065575.json","markdown":"https://secwatch.observer/filing/0001104659-24-065575.md","text":"https://secwatch.observer/filing/0001104659-24-065575.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903419/000110465924065575/0001104659-24-065575-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903419/000110465924065575/tm2415447d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:28:52.504666+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}