Alvord Christina M 4
4 · ALBANY INTERNATIONAL CORP /DE/ · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Albany International (AIN) Director Christina Alvord Receives Award
What Happened Christina M. Alvord, a director of Albany International Corp. (AIN), received a grant of 2,390 Deferred Restricted Stock Units (DSUs) on May 15, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 per unit (derivative award). Each DSU entitles the holder to one share of Class A common stock when the DSU vests; the company will pay cash dividends on these DSUs as declared by the board.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 27, 2026 (filed 12 days after the grant).
- Transaction type/code: Award/Grant (A); recorded price $0.00 (derivative award of DSUs).
- Quantity: 2,390 DSUs granted.
- Vesting: DSUs vest on the earlier of (a) January 1, 2034, or (b) the reporting person’s death/disability or a change in control. If the director separates from service before that date/event, 1,953 DSUs will vest 20% per year over five years on each anniversary of separation.
- Dividends: The reporting person will receive cash dividends on the DSUs as declared by the board.
- Shares owned after transaction: Not specified in the filing.
- Filing note: The Form 4 was filed 12 days after the transaction date (later than the usual two-business-day requirement for Section 16 filers).
Context This was a derivative equity award (DSUs) rather than an open-market purchase or sale. DSUs convert into shares only upon meeting vesting conditions, so this grant does not immediately change Alvord’s shareholding or represent a buy/sell market signal. Change-of-control and death/disability provisions accelerate vesting; otherwise the award is long-dated (effective vesting by 2034 unless earlier events occur).
Insider Transaction Report
- Award
Deferred Restricted Stock Units
[F1][F2]2026-05-15+2,390→ 5,682 totalFrom: 2034-01-01→ Class A Common Stock (2,390 underlying)
- 2,792
Class A Common Stock
Footnotes (2)
- [F1]Deferred Restricted Stock Units ("DSU") granted May 15, 2026 pursuant to the Albany International Corp. Non-Employee Director Compensation Plan under the Albany International Corp. 2023 Long Term Incentive Plan. Each DSU entitles the holder to receive one share of Class A Common Stock at the time of vesting. The reporting person will receive cash dividends on these DSUs, paid by the Issuer in such amount and at such time as periodically declared by its Board of Directors.
- [F2]2,390 Deferred Restricted Stock Units ("DSU") will vest on the earlier of (a) January 1, 2034, or (b) in the event of the reporting person's death or disability, or a change of ownership control of the Company, the effective date of such event. Should the reporting person separate from service prior to the aforementioned date/events,1,953 DSUs will vest as to 20% over a period of five years on each anniversary of the separation date.