ALERUS FINANCIAL CORP CEO Katie Lorenson's 2023 pay slips 1% to $1.1M
ALERUS FINANCIAL CORP reports 2023 executive compensation
By ExecPay News
Published: March 25, 2024
ALERUS FINANCIAL CORP reported fiscal year 2023 executive compensation information on March 25, 2024.
In 2023, three executives at ALERUS FINANCIAL CORP received on average a compensation package of $816K, a 6% increase compared to previous year.
Average pay of disclosed executives at ALERUS FINANCIAL CORP
Katie A. Lorenson, Chief Executive Officer, received $1.1M in total, which decreased by 1% compared to 2022. 50% of Lorenson's compensation, or $550K, was in salary. Lorenson also received $65K in bonus, $173K in non-equity incentive plan, $275K in stock awards, as well as $31K in other compensation.
Jim R. Collins, Executive Vice President & Chief Banking & Revenue Officer, received a compensation package of $731K. 58% of the compensation package, or $422K, was in salary.
Karin M. Taylor, Executive Vice President & Chief Risk & Operating Officer, earned $623K in 2023, a 4% increase compared to previous year.
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Source: SEC filing on March 25, 2024.