Form 4: Albany International Corp Director Andrew William Higgins Reports Acquisition of 759 Shares

Director Andrew William Higgins reported acquiring 759 shares of Albany International Corp Class A Common Stock on May 10, 2024, through the Directors' Annual Retainer Plan.

Summary

• On May 10, 2024, Andrew William Higgins, a director of Albany International Corp, acquired 759 shares of Class A Common Stock.
• The acquisition was made through the Directors' Annual Retainer Plan.
• The price per share was $0.
• Following the transaction, Higgins directly owns 66,787 shares of Albany International Corp.
• Joseph M. Gaug, Attorney-in-Fact, signed the report on May 13, 2024.
• Higgins has authorized Joseph M. Gaug, Sara Stankus, and Cynthia Santabarbara to sign SEC Forms 3, 4, and 5, and Form 144 on his behalf, as of December 2, 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's acquisition of shares could be seen as a slightly positive signal, but it's part of a standard compensation plan.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

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

Key Dates