Albany International director granted 2,390 DSUs
Albany International Corp. director Bonnie Cruickshank Lind received a grant of 2,390 Deferred Restricted Stock Units (DSUs) on May 15, 2026 under the company’s non-employee director compensation program.
Rhea-AI Filing Summary
Albany International Corp. director Bonnie Cruickshank Lind received a grant of 2,390 Deferred Restricted Stock Units (DSUs) on May 15, 2026 under the company’s non-employee director compensation program. Each DSU will convert into one share of Class A Common Stock at vesting, and carries cash dividends in line with regular share dividends.
The 2,390 DSUs are scheduled to vest on the earlier of January 1, 2034, the director’s death or disability, or a change of ownership control, with an alternative schedule of 20% annual vesting over five years if she separates from service earlier. Following this grant, she holds 5,682 DSUs and 2,792 shares of Class A Common Stock directly.
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Insider Trade Summary
Grant/Award: 2,390 shares
Grant/Award
2 txns
Insider
LIND BONNIE CRUICKSHANK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 2,390 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 5,682 contracts (Direct);
Class A Common Stock — 2,792 shares (Direct)
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.
Key Figures
DSUs granted: 2,390 units
DSUs after grant: 5,682 units
Common shares held: 2,792 shares
+2 more
5 metrics
DSUs granted
2,390 units
Deferred Restricted Stock Units granted May 15, 2026
DSUs after grant
5,682 units
Total Deferred Restricted Stock Units held following transaction
Common shares held
2,792 shares
Class A Common Stock held directly after transaction
DSU conversion ratio
1 share per unit
Each DSU entitles holder to one Class A Common share at vesting
Vesting date trigger
January 1, 2034
Primary vesting date for 2,390 DSUs, subject to earlier events
Key Terms
Deferred Restricted Stock Units, Non-Employee Director Compensation Plan, 2023 Long Term Incentive Plan, change of ownership control
4 terms
Deferred Restricted Stock Units financial
"Deferred Restricted Stock Units ("DSU") granted May 15, 2026 pursuant to the Albany International Corp. Non-Employee Director Compensation Plan"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Non-Employee Director Compensation Plan financial
"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"
2023 Long Term Incentive Plan financial
"Non-Employee Director Compensation Plan under the Albany International Corp. 2023 Long Term Incentive Plan"
change of ownership control financial
"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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Albany International (AIN) report in this Form 4 filing?
Albany International reported that director Bonnie Cruickshank Lind received 2,390 Deferred Restricted Stock Units as part of non-employee director compensation. Each DSU converts into one share of Class A Common Stock at vesting and receives cash dividends equivalent to regular share dividends.
How many Deferred Restricted Stock Units did the AIN director receive?
The director received 2,390 Deferred Restricted Stock Units. These units are a form of equity compensation for non-employee directors, each entitling the holder to one share of Class A Common Stock when vesting conditions are met, plus associated cash dividends over time.
When do the 2,390 DSUs granted by Albany International vest?
The 2,390 DSUs vest on the earlier of January 1, 2034, the director’s death or disability, or a change of ownership control. If she leaves the board earlier, the 2,390 DSUs vest 20% per year over five years from the separation date.
What are the director’s holdings after this AIN Form 4 transaction?
After the reported transactions, the director holds 5,682 Deferred Restricted Stock Units and 2,792 shares of Class A Common Stock directly. The DSUs represent future share delivery, while the Class A shares are current equity ownership in Albany International Corp.
Does the AIN director earn dividends on the Deferred Restricted Stock Units?
Yes. The director will receive cash dividends on the DSUs, paid by Albany International in the same amounts and timing as dividends declared by the Board on Class A Common Stock. This aligns DSU economic benefits with those of regular shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
