Form 4: Albany International Corp. Director Stock Transaction
Statement of Changes in Beneficial Ownership
Mark J. Murphy, a Director at Albany International Corp., reported a transaction involving Class A Common Stock distributed under the Directors' Annual Retainer Plan.
Summary
- Mark J. Murphy, a Director of Albany International Corp., reported a transaction on May 15, 2026.
- The transaction involved the acquisition of 1,195 shares of Class A Common Stock.
- These shares were acquired under the Directors' Annual Retainer Plan.
- The acquisition was valued at $0, indicating it was a distribution rather than a purchase.
- Following this transaction, Mr. Murphy beneficially owns 13,745 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock distribution to a director as part of their compensation and does not indicate significant changes in beneficial ownership or strategic shifts.
Positives
- Director Mark J. Murphy received a distribution of 1,195 shares of Class A Common Stock, increasing his direct beneficial ownership.
- The shares were acquired through the Directors' Annual Retainer Plan, suggesting a component of director compensation.
Future Outlook
This filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This specific filing details a routine stock distribution as part of director compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization to Sign SEC Forms | Mark J. Murphy granted power of attorney to Charles J. Silva, Jr., Joseph M. Gaug, and Kathleen M. Tyrrell to sign and file Forms 3 and 4, and Notice of Proposed Sale of Securities (Form 144) on his behalf. | 05/09/2019 | Standard practice to facilitate timely and accurate SEC filings by company insiders. |
Related Party Transactions
- The transaction involves a director (Mark J. Murphy) receiving shares under the Directors' Annual Retainer Plan, which is a form of compensation from the company.
Stakeholder Impact
- Shareholders: Increased transparency regarding director stock holdings. The distribution itself does not immediately impact share price but reflects compensation structure.
- Employees: Indirect impact through the company's compensation practices for its directors.
- Management: Reinforces standard corporate governance procedures for insider reporting.
Key Dates
| Date | Description |
|---|---|
| 05/15/2019 | Date of Power of Attorney authorization for Mark J. Murphy. |
| 05/15/2026 | Transaction Date for the acquisition of Class A Common Stock by Mark J. Murphy. |
| 05/18/2026 | Date of signature for the Form 4 filing by Cynthia A. SantaBarbara, Attorney in Fact. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Transaction, Director Compensation, Albany International Corp., Class A Common Stock, Beneficial Ownership
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