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 related to 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 filing reports changes in beneficial ownership of the company's Class A Common Stock.
• The reported transactions involve the vesting and cash settlement of phantom stock units granted to Hansen under the company's Phantom Stock Plan.
• The transactions occurred on March 1, 2024, and include both the acquisition and disposition of shares underlying the phantom stock units.
• No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
• The filing also includes an authorization for Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign and file SEC forms on behalf of Hansen.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

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

Key Dates