AIN Form 3: Station Willard C Files Initial Disclosure Showing Zero Holdings
Rhea-AI Filing Summary
Station Willard C, Executive Vice President and Chief Financial Officer, submitted an initial Section 16 Form 3 for Albany International Corp (AIN) reporting that no securities are beneficially owned. The filing indicates the reporting person serves as an officer and director and that the ownership position is nil, establishing the filer currently holds no direct or indirect equity stake in the company.
Positive
- Initial Section 16 disclosure filed by an executive confirms regulatory transparency
- No beneficial ownership reported, removing potential short-term insider-sale concerns
Negative
- None.
Insights
Initial officer disclosure shows no reported holdings.
The filing records that an executive officer and director submitted an initial beneficial ownership statement that reports zero shares owned directly or indirectly. This is a straightforward compliance disclosure under Section 16 that documents current ownership status rather than a change in holdings.
Because the statement shows no holdings, material investor-impact is low; monitor future Section 16 filings for any subsequent acquisitions or option awards that would create a reportable position within typical insider reporting timeframes.