Form 4: Albany International Corp. CFO Acquires Shares in Recent Transaction

Robert D. Starr, CFO & Treasurer of Albany International Corp., reports the acquisition of 1,000 shares of Class A Common Stock at $84.44 per share on May 3, 2024.

Summary

• On May 3, 2024, Robert D. Starr, the CFO & Treasurer of Albany International Corp., acquired 1,000 shares of Class A Common Stock at a price of $84.44 per share.
• Following this transaction, Starr directly owns 2,610 shares of Class A Common Stock.
• Starr also holds restricted stock units (RSUs) that will vest into shares of Class A Common Stock on various dates in the future.
• These RSUs were granted under the company's 2017 and 2023 Incentive Plans.
• Joseph M. Gaug, acting as Attorney in Fact, signed the Form 4 on Starr's behalf.
• Starr has authorized Joseph M. Gaug, Sara Stankus, and Cynthia Santabarbara to sign and file SEC Forms 3, 4, and 5, as well as Form 144 on his behalf.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The purchase itself could be seen as slightly positive, but the document is primarily informational.

Positives

• The purchase of shares by the CFO could be interpreted as a positive signal about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common among publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates