Form 4: Albany International Corp. Executive VP Alice McCarvill Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alice McCarvill, Executive VP of Human Resources at Albany International Corp., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On September 30, 2024, Alice McCarvill reported transactions related to Albany International Corp. Class A Common Stock.
- These transactions involved the vesting of Restricted Stock Units and the subsequent distribution of shares.
- A portion of the shares were withheld to cover tax liabilities.
- McCarvill also forfeited some Restricted Stock Units due to her departure from the company.
- The transactions were executed under the company's 2017 and 2023 Incentive Plans.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Negatives
- Alice McCarvill forfeited a total of 2,080 Restricted Stock Units upon her departure from the company.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Exec VP Human Resources | Alice McCarvill | Unknown | September 30, 2024 | Departure from the Company |
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
- Employees may be affected by the departure of the Executive VP of Human Resources.
Key Dates
| Date | Description |
|---|---|
| November 30, 2023 | Date of Power of Attorney authorization for signing SEC forms. |
| March 1, 2023 | Date of vesting for some Restricted Stock Units granted February 25, 2022. |
| March 1, 2024 | Date of vesting for some Restricted Stock Units granted February 24, 2023. |
| March 1, 2025 | Date of vesting for some Restricted Stock Units granted February 24, 2024. |
| September 30, 2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| October 1, 2024 | Date of signature for the Form 4 filing. |
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