Alvord Christina M 4

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).