Albany International grants 16,436-share retention bonus to President Daniel Halftermeyer

ALBANY INTERNATIONAL CORP /DE/

Daniel Halftermeyer, President – Global MC, receives special retention incentive award on June 14, 2023.
Award is 16,436 shares of Class A common stock, contingent on employment through Dec 31, 2024 and achieving Milestone Objectives.
Milestone Objectives include identifying a ready-now successor for President Machine Clothing and pursuing a strategic acquisition/CEO transition.
Payment occurs after Compensation Committee determination; forfeited if employment terminates before payment, except involuntary without Cause.

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