AIN.NYSEAlbany International CORP /DE/

Form 4: Albany International Corp. Director Acquires Shares Under Directors' Plan

Sentiment:

SEC Form 4 Filing

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Director Kenneth W Krueger acquired 1,519 shares of Albany International Corp. Class A Common Stock on May 10, 2024, under the Directors' Annual Retainer Plan.

Summary

  • On May 10, 2024, Kenneth W Krueger, a director of Albany International Corp., acquired 1,519 shares of Class A Common Stock.
  • The acquisition was made under the Directors' Annual Retainer Plan.
  • Following the transaction, Krueger directly owns 12,278 shares of Albany International Corp.
  • Kathleen M. Tyrrell, Attorney-in-Fact, signed the Form 4 on May 13, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

  • The acquisition of shares by a director may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings of company directors.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.

Key Dates

DateDescription
December 15, 2016Date of Power of Attorney authorization for signing SEC Forms 3 and 4 and Notice of Proposed Sale of Securities (Form 144)
May 10, 2024Date of transaction: Kenneth W Krueger acquired shares of Class A Common Stock.
May 13, 2024Date of Form 4 signature by Kathleen M. Tyrrell, Attorney-in-Fact.

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