Quantisnow Logo
Dashboard

President and CEO Kleveland Gunnar covered exercise/tax liability with 5,101 shares and converted options into 12,663 shares, increasing direct ownership by 91% to 15,846 units (SEC Form 4)

$AIN
Textiles
Consumer Discretionary
Get the next $AIN alert in real time by email
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kleveland Gunnar
(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP
216 AIRPORT DRIVE
(Street)
ROCHESTER NH 03867
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [ AIN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock(1) 03/01/2025 M 2,500(1) A $0 10,784 D
Class A Common Stock(2) 03/01/2025 M 6,786(2) A $0 17,570 D
Class A Common Stock(3) 03/01/2025 M 3,377(3) A $0 20,947 D
Class A Common Stock(4) 03/01/2025 F 5,101(4) D $76.57 15,846 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(5) (5) 03/01/2025 M 2,500 03/01/2025(5)(6) (5)(6) Class A Common Stock 5,000 $0 2,500 D
Restricted Stock Units(7) (7) 03/01/2025 M 6,786 03/01/2025(7)(8) (7)(8) Class A Common Stock 13,572 $0 6,786 D
Restricted Stock Units(9) (9) 03/01/2025 M 3,377 03/01/2025(9)(10) (9)(10) Class A Common Stock 10,131 $0 6,754 D
Restricted Stock Units(11) (11) 03/01/2026(11)(12) (11)(12) Class A Common Stock 16,349 16,349 D
Explanation of Responses:
1. Shares distributed pursuant to vesting of Restricted Stock Units granted on September 1, 2023.
2. Shares distributed pursuant to vesting of Restricted Stock Units granted on September 1, 2023.
3. Shares distributed pursuant to vesting of Restricted Stock Units granted on February 23, 2024.
4. Shares withheld to satisfy the tax liability in connection with the transactions described in footnotes 1, 2 and 3 above.
5. Restricted Stock Units granted September 1, 2023 pursuant to the Albany International Corp. 2023 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common stock at the time of vesting.
6. 2500 Restricted Stock Units vest on March 1, 2024; 2500 Restricted Stock Units vest on March 1, 2025; and 2500 Restricted Stock Units vest on March 1, 2026.
7. Restricted Stock Units granted September 1, 2023 pursuant to the Albany International Corp. 2023 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common stock at the time of vesting.
8. 6786 Restricted Stock Units vest on March 1, 2024; 6786 Restricted Stock Units vest on March 1, 2025; and 6786 Restricted Stock Units vest on March 1, 2026.
9. Restricted Stock Units granted February 23, 2024 pursuant to the Albany International Corp. 2023 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common stock at the time of vesting.
10. 3377 Restricted Stock Units vest on March 1, 2025; 3377 Restricted Stock Units vest on March 1, 2026; and 3377 Restricted Stock Units vest on March 1, 2027.
11. Restricted Stock Units granted February 21, 2025 pursuant to the Albany International Corp. 2023 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common stock at the time of vesting.
12. 5450 Restricted Stock Units vest on March 1, 2026; 5450 Restricted Stock Units vest on March 1, 2027; and 5449 Restricted Stock Units vest on March 1, 2028.
Cynthia A. SantaBarbara, Attorney-in-Fact 03/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Get the next $AIN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$AIN

DatePrice TargetRatingAnalyst
3/28/2024$105.00 → $95.00Neutral → Underperform
BofA Securities
9/18/2023$100.00 → $106.00Market Perform → Outperform
TD Cowen
7/14/2023$101.00 → $120.00Neutral → Outperform
Robert W. Baird
4/27/2023$90.00 → $105.00Hold → Buy
Truist
10/12/2022$80.00Buy → Hold
Truist
2/22/2022$105.00 → $90.00Buy → Neutral
BofA Securities
1/7/2022$85.00 → $100.00Hold → Buy
Truist
10/15/2021$89.00 → $85.00Hold
Truist Securities
More analyst ratings

$AIN
 Press Releases

Fastest customizable press release news feed in the world

See more

  • Albany International Issues 2024 Sustainability Report

    Albany International Corp. (NYSE:AIN) announced today the publication of its annual Sustainability Report, highlighting the company's achievements and commitments to sustainability and innovation in 2024. "There are a few highlights we are particularly proud of this year," said Gunnar Kleveland, President and CEO of Albany International Corp, "such as our participation in World Engineering Day for Sustainable Development, which showcases our history of innovation and how it drives sustainability and performance for our customers. We also report on our operational sustainability and community engagement initiatives, which we believe will lead to a more sustainable and prosperous future for

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Reports Fourth-Quarter 2024 Results

    Board Authorizes New $250 Million Share Repurchase Program Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased focus on working capital and cash flow, we generated Free Cash Flow of $59

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Declares Dividend

    The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered

    $AIN
    Textiles
    Consumer Discretionary

$AIN
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$AIN
 Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$AIN
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$AIN
 SEC Filings

See more

$AIN
 Leadership Updates

Live Leadership Updates

See more

  • Albany International Corp. Appoints Merle Stein as President, Machine Clothing

    Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has appointed Merle Stein as President of its Machine Clothing business segment, and elected him an officer of the Company effective September 1, 2024, to succeed Daniel Halftermeyer, who has stepped down from the position to focus his time and energies on the continued integration of the Heimbach acquisition and the successful transition to Mr. Stein. Mr. Stein, 47, has considerable experience in the paper and pulp industries and significant knowledge of the Machine Clothing business and a strategic understanding of the markets it serves. He comes to the role with considerably broad leadership experiences,

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Corp. Appoints Christopher E. Stone as President, Albany Engineered Composites

    Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has appointed Christopher Stone as President, Albany Engineered Composites, Inc., and elected him an officer of the Company, effective August 12, 2024, to succeed Gregory Harwell, who no longer serves as President of Albany Engineered Composites, Inc. Mr. Stone, 52, brings a deep knowledge of the A&D industry, and considerable broad experiences to his new role. He has held a wide range of leadership positions at public companies, with a focus in manufacturing and supply chain management, business operations, production control, logistics and organizational transformation. Most recently he served as Vice Pres

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Appoints Gunnar Kleveland as President and Chief Executive Officer

    Accomplished Industrial and Aerospace Executive Brings Nearly 20 Years of Operational and Leadership Experience Albany International Corp. ("Albany" or the "Company") (NYSE:AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1. Mr. Kleveland will also join the Company's Board at that time. Mr. Higgins, who previously announced his intention to retire as CEO, will remain a member of Albany's Board. Mr. Kleveland is a seasoned executive with nearly two decades of industrial and aerospace leadership experience at Textron Inc. Most recently, he served as President and CEO of Textron Specialized Veh

    $AIN
    Textiles
    Consumer Discretionary

$AIN
 Financials

Live finance-specific insights

See more

  • Albany International Reports Fourth-Quarter 2024 Results

    Board Authorizes New $250 Million Share Repurchase Program Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased focus on working capital and cash flow, we generated Free Cash Flow of $59

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Declares Dividend

    The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered

    $AIN
    Textiles
    Consumer Discretionary

  • Albany International Declares Dividend

    The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2025, to shareholders of record on December 17, 2024. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wo

    $AIN
    Textiles
    Consumer Discretionary

$AIN
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more