Alerus Financial Management
Management criteria checks 4/4
Alerus Financial's CEO is Katie Lorenson, appointed in Jan 2022, has a tenure of 2.67 years. total yearly compensation is $1.09M, comprised of 50.3% salary and 49.7% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $961.39K. The average tenure of the management team and the board of directors is 2.3 years and 6.2 years respectively.
Key information
Katie Lorenson
Chief executive officer
US$1.1m
Total compensation
CEO salary percentage | 50.3% |
CEO tenure | 2.7yrs |
CEO ownership | 0.2% |
Management average tenure | 2.3yrs |
Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
May 31Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19
May 15Alerus Financial Corporation declares $0.18 dividend
Sep 13Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M
Jul 27Alerus Financial appoints Jon Hendry as chief technology officer
Jul 20Alerus Financial completes acquisition of Metro Phoenix Bank holding company
Jul 01Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year
May 29Alerus Financial (NASDAQ:ALRS) Has Announced That It Will Be Increasing Its Dividend To US$0.18
May 15CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Jun 30 2024 | n/a | n/a | US$7m |
Mar 31 2024 | n/a | n/a | US$10m |
Dec 31 2023 | US$1m | US$550k | US$12m |
Sep 30 2023 | n/a | n/a | US$37m |
Jun 30 2023 | n/a | n/a | US$38m |
Mar 31 2023 | n/a | n/a | US$38m |
Dec 31 2022 | US$1m | US$550k | US$40m |
Sep 30 2022 | n/a | n/a | US$41m |
Jun 30 2022 | n/a | n/a | US$45m |
Mar 31 2022 | n/a | n/a | US$47m |
Dec 31 2021 | US$664k | US$336k | US$52m |
Sep 30 2021 | n/a | n/a | US$49m |
Jun 30 2021 | n/a | n/a | US$54m |
Mar 31 2021 | n/a | n/a | US$54m |
Dec 31 2020 | US$635k | US$320k | US$44m |
Compensation vs Market: Katie's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD2.45M).
Compensation vs Earnings: Katie's compensation has been consistent with company performance over the past year.
CEO
Katie Lorenson (43 yo)
2.7yrs
Tenure
US$1,093,405
Compensation
Ms. Katie A. Lorenson is President, CEO & Director of Alerus Financial Corporation from January 01, 2022. She joined the Alerus Financial Corporation on December 18, 2017. She was Executive VP & CFO of Ale...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 2.7yrs | US$1.09m | 0.23% $ 961.4k | |
Executive VP and Chief Risk & Operating Officer | less than a year | US$622.88k | 0.13% $ 535.1k | |
Executive VP and Chief Banking & Revenue Officer | 2.3yrs | US$730.52k | 0.069% $ 290.7k | |
Executive VP & CFO | 2.7yrs | no data | 0.047% $ 197.4k | |
Chief Investment Officer | no data | no data | no data | |
Director of Accounting & Principal Accounting Officer | 1.1yrs | no data | 0.0034% $ 14.4k | |
Executive VP & CTO | 2.2yrs | no data | 0.39% $ 1.6m | |
Chief Compliance Officer | 32yrs | no data | no data | |
General Counsel & Corporate Secretary | no data | no data | no data | |
Market President of Northern Valley | no data | no data | no data | |
Executive VP & Chief Engagement Officer | 2.2yrs | no data | 0.099% $ 414.3k | |
Senior VP and Director of Consumer Segment & Wealth Management | no data | no data | no data |
2.3yrs
Average Tenure
51yo
Average Age
Experienced Management: ALRS's management team is considered experienced (2.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 3.7yrs | US$1.09m | 0.23% $ 961.4k | |
Independent Chairman | 8.7yrs | US$107.88k | 0.23% $ 955.3k | |
Independent Director | 11.7yrs | US$89.00k | 0.25% $ 1.1m | |
Independent Director | 2.9yrs | US$85.63k | 0.042% $ 175.3k | |
Director | 36.7yrs | US$81.00k | 4.07% $ 17.1m | |
Member of Twin Cities Advisory Board | no data | no data | no data | |
Independent Director | 2.9yrs | US$88.00k | 0.054% $ 227.7k | |
Member of Twin Cities Advisory Board | no data | no data | no data | |
Member of Twin Cities Advisory Board | no data | no data | no data | |
Member of Twin Cities Advisory Board | no data | no data | no data | |
Member of Twin Cities Advisory Board | no data | no data | no data | |
Member of Twin Cities Advisory Board | no data | no data | no data |
6.2yrs
Average Tenure
64yo
Average Age
Experienced Board: ALRS's board of directors are considered experienced (6.2 years average tenure).