4/A: Albany International Corp. Executive Suzanne Purdum Reports Stock Transactions
SEC Form 4/A
Suzanne Purdum, CHRO of Albany International Corp., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- Suzanne Purdum, Chief Human Resources Officer of Albany International Corp., filed a Form 4/A with the SEC detailing changes in her beneficial ownership of the company's stock.
- The transactions include the vesting of Restricted Stock Units (RSUs) and the subsequent distribution of Class A Common Stock on March 1, 2025.
- A total of 170 and 1,439 shares were distributed from vesting RSUs.
- 478 shares were withheld to cover tax liabilities related to the vesting of the RSUs.
- The filing also includes a correction to previously reported shares disposed and owned due to an administrative error.
- Purdum also granted power of attorney to Joseph M. Gaug, Sara Stankus, and Cynthia SantaBarbara to sign and file SEC forms on her behalf.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, so the sentiment is neutral.
Industry Context
Executive stock transactions are a normal part of corporate governance and are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- Shareholders may be interested in executive stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| October 4, 2024 | Date of Power of Attorney authorization |
| November 1, 2024 | Date of Restricted Stock Units grant |
| February 21, 2025 | Date of Restricted Stock Units grant |
| March 1, 2025 | Date of stock distribution and vesting of Restricted Stock Units |
| March 4, 2025 | Date of original filing (amended by this filing) |
| March 5, 2025 | Date of signature on the amended form |
| March 1, 2026 | Vesting date of Restricted Stock Units |
| March 1, 2027 | Vesting date of Restricted Stock Units |
| March 1, 2028 | Vesting date of Restricted Stock Units |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.