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

Robert Alan Hansen, Senior Vice President & CTO of Albany International Corp., files an amended Form 4 detailing transactions involving Class A Common Stock and Phantom Stock Units.

Summary

• Robert Alan Hansen, a Senior Vice President & CTO at Albany International Corp., filed an amended Form 4 with the SEC.
• The form details transactions related to Class A Common Stock and Phantom Stock Units.
• The transactions occurred on March 1, 2025, and involve the acquisition and disposition of shares related to the vesting and cash settlement of Phantom Stock Units.
• The reporting person also corrected holdings due to an administrative error.
• The filing also includes an authorization for Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign SEC Forms 3, 4, and 5, and Form 144 on behalf of Robert A. Hansen.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages including phantom stock units are common among publicly traded companies to align management interests with shareholder value.
• The vesting schedules and cash settlement terms described are typical for such equity-based compensation plans.
• Similar companies such as Parker Hannifin, Pentair, and ITT Inc. also utilize stock options and restricted stock units as part of their executive compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the changes in beneficial ownership.
• Employees holding Phantom Stock Units are impacted by the vesting and settlement of these units.

Key Dates