Form 4: Albany International Corp. Executive Christopher Stone Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Christopher Stone, President AEC of Albany International Corp., reports the acquisition of restricted stock units, convertible to Class A Common Stock, as part of the company's 2023 Plan.
Summary
- On February 24, 2025, Christopher Eric Stone, President AEC of Albany International Corp., filed a Form 4.
- The form reports the acquisition of 3,867 Restricted Stock Units on February 21, 2025, which are convertible to Class A Common Stock.
- These units were granted pursuant to the Albany International Corp. 2023 Plan.
- The reporting person also holds 3,452 and 20,714 Restricted Stock Units from previous grants.
- An exhibit details the authorization for certain individuals to sign SEC Forms 3, 4, and 5, and Form 144 on behalf of officers and directors, signed by Chris Stone on August 12, 2024.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock units is a standard practice and indicates confidence in the company's future performance. There are no explicitly negative aspects mentioned.
Positives
- The grant of Restricted Stock Units aligns executive compensation with the company's long-term performance.
- The vesting schedule encourages continued service and commitment from the executive.
Future Outlook
The executive's holdings will increase as the Restricted Stock Units vest over the next three years, aligning their interests with those of shareholders.
Industry Context
Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with shareholder value.
Stakeholder Impact
- Shareholders may view the grant of Restricted Stock Units positively, as it aligns executive interests with long-term company performance.
- The executive benefits from the potential future value of the Class A Common Stock upon vesting of the units.
Key Dates
| Date | Description |
|---|---|
| August 12, 2024 | Date of Power of Attorney authorization for signing SEC forms. |
| February 21, 2025 | Date of transaction: Grant of 3,867 Restricted Stock Units. |
| February 24, 2025 | Date of Form 4 filing. |
| March 1, 2025 | Vesting date for 1,151 Restricted Stock Units from a previous grant. |
| August 12, 2025 | Vesting date for 6,905 Restricted Stock Units from a previous grant. |
| March 1, 2026 | Vesting date for 1,289 and 1,151 Restricted Stock Units. |
| August 12, 2026 | Vesting date for 6,905 Restricted Stock Units from a previous grant. |
| March 1, 2027 | Vesting date for 1,289 and 1,150 Restricted Stock Units. |
| August 12, 2027 | Vesting date for 6,904 Restricted Stock Units from a previous grant. |
| March 1, 2028 | Vesting date for 1,289 Restricted Stock Units. |
Keywords
Restricted Stock Units, Form 4, Albany International Corp, Christopher Stone, Beneficial Ownership, Class A Common Stock, Executive Compensation
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