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

John J. Tedone, VP Controller & CAO of Albany International Corp., reports transactions involving Phantom Stock Units and Class A Common Stock.

Summary

• On March 1, 2025, John J. Tedone, VP Controller & CAO of Albany International Corp., reported transactions related to Phantom Stock Units and Class A Common Stock.
• The transactions involved the deemed acquisition and disposition of shares underlying Phantom Stock Units upon automatic vesting and cash settlement.
• No actual shares were issued or disposed of by the reporting person.
• The reported transactions include the vesting and settlement of 546 Phantom Stock Units granted on February 22, 2024, and 444 Phantom Stock Units granted on February 21, 2025.
• Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
• The price of Class A Common Stock was $80.83 at the time of the transactions.

Sentiment

Score: 5

Explanation: This is a neutral report on insider transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates