Form 4: Director Katharine Plourde Acquires Deferred Stock Units

Director Katharine Plourde acquired 2,390 Deferred Restricted Stock Units (DSUs) from Albany International Corp. on May 15, 2026, as part of the company's Non-Employee Director Deferred Compensation Plan.

Summary

• Katharine Plourde, a Director at Albany International Corp., acquired 2,390 Deferred Restricted Stock Units (DSUs) on May 15, 2026.
• These DSUs were granted under the Albany International Corp. Non-Employee Director Deferred Compensation Plan, which is part of the 2023 Long Term Incentive Plan.
• Each DSU entitles the holder to one share of Class A Common Stock upon vesting.
• The DSUs will vest on January 1, 2029, or upon the reporting person's death, whichever occurs first.
• Plourde will receive cash dividends on these DSUs as declared by the Board of Directors.
• Following this transaction, Plourde beneficially owns 15,969 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation grant to a director rather than a significant financial event or strategic shift.

Positives

• Director compensation aligns with long-term company performance through stock-based awards.
• The grant of DSUs indicates continued confidence in the company's future prospects by management and the board.
• The vesting schedule provides retention incentives for the director.

Risks

• The value of the DSUs is subject to the future performance of Albany International Corp.'s Class A Common Stock.
• Vesting is contingent on remaining a director until the vesting date or upon death, introducing personal risk.

Future Outlook

The DSUs are set to vest on January 1, 2029, or upon the reporting person's death, at which point they will convert into Class A Common Stock. Dividends will be paid on these units until vesting.

Industry Context

StockSavvy.ai notes that the granting of Deferred Restricted Stock Units (DSUs) to non-employee directors is a common practice in the manufacturing and industrial sectors, aligning director compensation with long-term shareholder value and company performance.

Corporate Governance

Related Party Transactions

• Grant of 2,390 Deferred Restricted Stock Units to Director Katharine Plourde under the company's Non-Employee Director Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices, aligning director interests with long-term stock performance. No immediate dilution or significant financial impact.
• Employees: The DSU grant is specific to non-employee directors and does not directly impact employee compensation or stock options.
• Management: The authorization to sign forms streamlines compliance for management and legal teams.

Next Steps

• Vesting of 2,390 DSUs on January 1, 2029, or upon the death of Katharine Plourde.
• Receipt of cash dividends on the granted DSUs until vesting.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Options, Deferred Stock Units, Albany International Corp, Katharine Plourde, Director Compensation, Class A Common Stock, AIN