4/A: Albany International Corp. Executive Reports Stock Transactions and Amends Previous Filing
SEC Form 4/A
Christopher Eric Stone, President AEC of Albany International Corp., reports stock transactions including vesting of restricted stock units and a correction to a previous filing due to an administrative error.
Summary
- Christopher Eric Stone, President AEC of Albany International Corp., filed a Form 4/A with the SEC.
- The filing reports transactions involving Class A Common Stock and Restricted Stock Units.
- On March 1, 2025, 1,151 shares were distributed due to the vesting of Restricted Stock Units granted on August 12, 2024.
- 391 shares were withheld to cover tax liabilities related to the vesting.
- The filing also includes a correction to previously reported shares disposed of and owned due to an administrative error.
- Stone also granted power of attorney to Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are publicly disclosed to ensure transparency and prevent insider trading. These filings provide insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, providing transparency into management's holdings and actions.
Key Dates
| Date | Description |
|---|---|
| August 12, 2024 | Date of Power of Attorney authorization and grant date of some Restricted Stock Units. |
| March 1, 2025 | Date of stock transactions including vesting of Restricted Stock Units. |
| March 4, 2025 | Date of original filing that was amended. |
| March 5, 2025 | Date of the amended filing (Form 4/A). |
| August 12, 2025 | Vesting date for 6905 Restricted Stock Units. |
| March 1, 2026 | Vesting date for 1289 Restricted Stock Units. |
| August 12, 2026 | Vesting date for 6905 Restricted Stock Units. |
| March 1, 2027 | Vesting date for 1150 and 1289 Restricted Stock Units. |
| August 12, 2027 | Vesting date for 6904 Restricted Stock Units. |
| March 1, 2028 | Vesting date for 1289 Restricted Stock Units. |
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