Form 4: Albany International Corp. Director Stock Transaction
Statement of Changes in Beneficial Ownership
John Scannell, a Director at Albany International Corp., reported a transaction involving Class A Common Stock on May 15, 2026.
Summary
- Director John Scannell acquired 2,390 shares of Class A Common Stock.
- The acquisition was made under the Director's Annual Retainer Plan.
- Following this transaction, Mr. Scannell beneficially owns 21,917 shares of Class A Common Stock directly.
Sentiment
Score: 3
Explanation: StockSavvy.ai views this as a low score due to the nature of the filing being a routine disclosure of stock acquisition by a director as part of a compensation plan, offering minimal new strategic or financial information.
Positives
- Director acquisition of company stock can signal confidence in the company's future prospects.
- The shares were acquired as part of a director's retainer plan, indicating ongoing compensation and commitment.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently provide strategic insights. The transaction type (retainer plan) suggests routine compensation rather than a significant investment decision.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization granted to Charles J. Silva, Jr., Joseph M. Gaug, and Kathleen M. Tyrrell to sign and file SEC Forms 3 and 4, and Form 144 on behalf of directors and officers. | 02/16/2012 | Ensures compliance with SEC filing requirements for insider transactions and securities sales. |
Related Party Transactions
- Director John Scannell acquired shares under the Director's Annual Retainer Plan.
Stakeholder Impact
- Shareholders: The acquisition by a director may be viewed positively as a sign of confidence, but the transaction is part of a standard compensation plan.
- Employees: No direct impact mentioned.
- Management: Confirms ongoing compensation structure for directors.
Key Dates
| Date | Description |
|---|---|
| 02/16/2012 | Date of Power of Attorney authorization for signing SEC forms. |
| 05/15/2026 | Transaction Date for the acquisition of Class A Common Stock. |
| 05/18/2026 | Date of signature by Attorney in Fact. |
Keywords
Form 4, SEC Filing, Insider Trading, Albany International Corp, AIN, Director Transaction, Class A Common Stock, Beneficial Ownership
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