Albany International (AIN) director receives 2,390-share equity grant in retainer plan
Rhea-AI Filing Summary
Scannell John reported acquisition or exercise transactions in this Form 4 filing.
Albany International Corp. director John Scannell received a grant of 2,390 shares of Class A Common Stock as part of his director compensation. The shares were distributed pursuant to the Director's Annual Retainer Plan at no cash cost per share. Following this award, Scannell directly holds 21,917 shares of Albany International common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,390 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
Class A Common Stock financial
grant/award acquisition financial
Director's Annual Retainer Plan financial
Form 4 regulatory
FAQ
What insider transaction did Albany International (AIN) report for John Scannell?
Albany International reported that director John Scannell received 2,390 shares of Class A Common Stock. The shares were granted as part of his director compensation under the Director's Annual Retainer Plan, rather than purchased on the open market.
Was the Albany International (AIN) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant/award acquisition, not an open-market purchase. The 2,390 Class A shares were distributed at a reported price of $0.00 per share under the Director's Annual Retainer Plan.
What is the significance of the Director's Annual Retainer Plan for Albany International (AIN)?
The Director's Annual Retainer Plan provides equity-based compensation to board members. In this filing, it is the mechanism through which John Scannell received 2,390 Class A shares as part of his annual retainer, aligning director pay partly with company equity.
Did Albany International (AIN) report any stock sales by John Scannell in this Form 4?
No stock sales are reported in this Form 4. It solely records a grant of 2,390 Class A shares to director John Scannell, increasing his direct holdings to 21,917 shares after the transaction.