Form 4: Albany International Corp. Executive Acquires Shares in Recent Transaction
SEC Form 4 Filing
Joseph M. Gaug, VP-General Counsel & Secretary of Albany International Corp., reports purchasing shares of Class A Common Stock.
Summary
- On November 5, 2024, Joseph M. Gaug, VP-General Counsel & Secretary of Albany International Corp., acquired 500 shares of Class A Common Stock at $71.17 per share and another 500 shares at $71.31 per share.
- Following these transactions, Gaug directly owns 6,811 shares of Class A Common Stock.
- Gaug also holds Phantom Stock Units and Restricted Stock Units that will vest over the coming years.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider purchase suggests confidence, but it's a relatively small transaction.
Positives
- An executive purchasing company stock can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Date that Phantom Stock Units will be settled and payable each year. |
| 02/18/2021 | Phantom Stock Units granted on this date. |
| 02/25/2022 | Restricted Stock Units granted on this date pursuant to the Albany International Corp. 2017 Incentive Plan. |
| 03/01/2023 | 641 Restricted Stock Units vest on this date. |
| 02/24/2023 | Restricted Stock Units granted on this date pursuant to the Albany International Corp. 2017 Incentive Plan. |
| 12/12/2023 | Date of Power of Attorney authorization for signing SEC forms. |
| 03/01/2024 | 708 Restricted Stock Units vest on this date. |
| 02/23/2024 | Restricted Stock Units granted on this date pursuant to the Albany International Corp. 2023 Incentive Plan. |
| 03/01/2025 | 905 Restricted Stock Units vest on this date. |
| 11/05/2024 | Date of the reported stock purchase transactions. |
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