Form 4: Albany International Corp. Executive Reports Stock Transactions

Robert Alan Hansen, Senior Vice President & CTO of Albany International Corp., reports transactions involving Class A Common Stock and Phantom Stock Units.

Summary

• On March 1, 2025, Robert Alan Hansen, Senior Vice President & CTO of Albany International Corp., reported transactions related to Class A Common Stock and Phantom Stock Units.
• The transactions involve the vesting and cash settlement of Phantom Stock Units, resulting in the deemed acquisition and disposition of underlying shares.
• No shares were actually issued or disposed of by the reporting person.
• The transactions are related to Phantom Stock Units granted in previous years (2021, 2022, 2023, 2024 and 2025) under the company's Phantom Stock Plan.
• 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 per share for the disposed shares is $80.83.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in stock transactions.
• The use of phantom stock units is a common compensation strategy, particularly among larger corporations, to align executive incentives with shareholder value.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they involve the vesting and settlement of existing compensation plans.

Key Dates