4/A: Albany International Corp. Executive Reports Changes in Beneficial Ownership

Joseph M. Gaug, VP-General Counsel & Secretary of Albany International Corp., files Form 4/A to report changes in beneficial ownership of company stock, including the grant of restricted stock units.

Summary

• Joseph M. Gaug, a VP-General Counsel & Secretary at Albany International Corp., filed a Form 4/A with the SEC.
• The filing reports changes in his beneficial ownership of Albany International Corp. stock.
• The reported transactions include the acquisition of 3,201 Restricted Stock Units on February 21, 2025, which will vest in three tranches starting March 1, 2026.
• The filing also details existing holdings of Class A Common Stock and various Restricted Stock Units with different vesting schedules.
• The document includes a Power of Attorney authorizing Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign and file SEC forms on behalf of other officers and/or directors.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral.

Positives

• The grant of Restricted Stock Units aligns the executive's interests with those of the shareholders.
• The vesting schedule of the Restricted Stock Units encourages long-term commitment from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the executive's holdings and alignment with company performance.

Key Dates