4/A: Albany International Corp. Executive Reports Correction to Beneficial Ownership After Stock Transactions

Joseph M. Gaug, VP-General Counsel & Secretary of Albany International Corp., files an amended Form 4 detailing stock transactions and correcting previous reporting errors.

Summary

• Joseph M. Gaug, a VP-General Counsel & Secretary at Albany International Corp., filed an amended Form 4 with the SEC.
• The form reports changes in beneficial ownership of Class A Common Stock due to the vesting of Restricted Stock Units and Phantom Stock Units on March 1, 2025.
• The transactions include the distribution of shares from a Multi-Year Performance Award, vesting of Restricted Stock Units granted in previous years, and shares withheld to cover tax liabilities.
• A correction was made to shares disposed and shares owned due to an administrative error.
• The reporting person now beneficially owns 9,645 shares of Class A Common Stock.
• The filing also includes an authorization for Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign and file SEC Forms 3, 4, and 5, as well as Form 144 on behalf of officers and/or directors of Albany International Corp.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and ownership positions in the company.

Stakeholder Impact

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

Key Dates