Alvord Christina M 4/A
4/A · ALBANY INTERNATIONAL CORP /DE/ · Filed May 28, 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 a derivative acquisition at $0.00 per unit (total $0 at grant). Each DSU entitles the holder to one share of Class A Common Stock upon vesting, and the holder will receive cash dividends on the DSUs as declared by the Board.
Key Details
- Transaction date: May 15, 2026 (Amended Form 4 filed May 28, 2026).
- Transaction type/code: Award/Grant of DSUs (code A); 2,390 DSUs at $0.00 per unit.
- Shares owned following transaction: Not specified in the filing.
- Footnotes:
- F1: DSUs granted under the Non-Employee Director Compensation Plan (2023 LTIP); DSUs convert 1-for-1 to Class A shares and pay cash dividends.
- F2: Vesting: earlier of (a) January 1, 2034, or (b) reporting person’s death/disability or a change of control. If the director separates from service before that date, the DSUs vest 20% per year over five years starting on the separation anniversary.
- Filing status: This is an AMENDED Form 4 filed 13 days after the grant date; Form 4s are normally due within 2 business days, so the amendment may correct or complete prior reporting.
Context
DSUs are a form of deferred compensation commonly used for non-employee directors and are not an open-market purchase or sale. Because these are awards that convert to shares only at vesting, they are routine director compensation rather than a direct bullish or bearish trading signal.
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,2,390 DSUs will vest as to 20% over a period of five years on each anniversary of the separation date.