4/A: Albany International Corp. Executive Gunnar Kleveland Reports Changes in Beneficial Ownership
SEC Form 4/A
Gunnar Kleveland, President and CEO of Albany International Corp., files an amended Form 4 detailing transactions related to the vesting of restricted stock units and tax liability satisfaction.
Summary
- Gunnar Kleveland, President and CEO of Albany International Corp., filed an amended Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Class A Common Stock due to the vesting of restricted stock units.
- The transactions occurred on March 1, 2025.
- The filing also reflects shares withheld to cover tax liabilities associated with the vesting of the restricted stock units.
- The amendment corrects errors in previously reported figures.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing stock transactions. It is neutral in tone and reflects routine compensation practices. The amendment suggests attention to detail and accuracy in reporting.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and tax withholding practices are standard components of equity compensation plans at comparable companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| December 5, 2023 | Date of Power of Attorney authorization for signing SEC forms. |
| September 1, 2023 | Date of grant for some of the Restricted Stock Units that vested. |
| February 23, 2024 | Date of grant for some of the Restricted Stock Units that vested. |
| February 21, 2025 | Date of grant for some of the Restricted Stock Units. |
| March 1, 2025 | Date of the transactions reported in the Form 4/A, including vesting of restricted stock units. |
| March 4, 2025 | Date of the original Form 4 filing that this Form 4/A amends. |
| March 5, 2025 | Date of the amended Form 4/A filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.