other
confidence high
sentiment neutral
materiality 0.25
Albany International approves 2024 executive bonus and RSU awards under 2023 Plan
ALBANY INTERNATIONAL CORP /DE/
- Annual Performance Bonus target cash amounts: Kleveland $927K, Starr $410.97K, Halftermeyer $359.8K, Harwell $392.8K, Gaug $293.5K.
- Multi-Year Performance Bonus target shares: Kleveland 10,131 shares, Starr 4,812, Halftermeyer 4,494, Harwell 4,007, Gaug 2,714.
- Restricted Stock Unit target shares for named executives identical to Multi-Year Bonus target shares.
- Awards are the first granted under the 2023 Incentive Plan; performance metrics include adjusted EBITDA, cash flow, safety, and compliance.