AIN.NYSEAlbany International CORP /DE/

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

Sentiment:

SEC Form 4 Filing

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Daniel A. Halftermeyer, President, MC of Albany International Corp., reports changes in beneficial ownership of company stock, including restricted stock units, as per SEC Form 4 filing.

Summary

  • Daniel A. Halftermeyer, President, MC of Albany International Corp., filed a Form 4 with the SEC.
  • The filing reports changes in beneficial ownership of Albany International Corp. stock.
  • Halftermeyer directly owns 63,355 shares of Class A Common Stock.
  • The filing also details restricted stock units (RSUs) granted under the Albany International Corp. 2017 and 2023 Incentive Plans.
  • These RSUs vest over several years, with vesting dates in March 1st of 2023, 2024, 2025, 2026 and 2027.
  • Each RSU entitles the holder to one share of Class A Common Stock upon vesting.
  • The filing includes a Power of Attorney authorizing Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign SEC Forms 3, 4, and 5 on Halftermeyer's behalf.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard reporting requirements for insider stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, which is standard practice for publicly traded companies.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and stock ownership.
  • It assures stakeholders that executive compensation is aligned with company performance through equity-based incentives.

Key Dates

DateDescription
December 1, 2023Date of Power of Attorney authorization for signing SEC forms.
March 1, 2023Vesting date for 1,430 Restricted Stock Units granted in 2022.
March 1, 2024Vesting date for 1,430 Restricted Stock Units granted in 2022 and 1,353 Restricted Stock Units granted in 2023.
March 1, 2025Vesting date for 1,431 Restricted Stock Units granted in 2022, 1,353 Restricted Stock Units granted in 2023 and 1,498 Restricted Stock Units granted in 2024.
March 1, 2026Vesting date for 1,353 Restricted Stock Units granted in 2023 and 1,498 Restricted Stock Units granted in 2024.
March 1, 2027Vesting date for 1,498 Restricted Stock Units granted in 2024.
September 1, 2024Date of earliest transaction reported.
September 3, 2024Date of SEC filing.

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