Form 4: Albany International Corp. Director Russell Toney Reports Acquisition of Shares

Director Russell Toney acquired 1,519 shares of Albany International Corp. Class A Common Stock on May 10, 2024, through the Directors' Annual Retainer Plan.

Summary

• On May 10, 2024, Russell Toney, a director of Albany International Corp., acquired 1,519 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, Toney directly owns 3,944 shares of Class A Common Stock.
• Kathleen M. Tyrrell, Attorney-in-Fact, signed the report on May 13, 2024.
• Russell E. Toney authorized Joseph M. Gaug and Kathleen M. Tyrrell to sign SEC Forms 3 and 4 and Notice of Proposed Sale of Securities (Form 144) on his behalf on March 21, 2022.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring shares through a compensation plan. It doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock.

Stakeholder Impact

• The acquisition of shares by a director can have a slightly positive impact on shareholders as it signals confidence from within the company.

Key Dates