secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000819793-24-000018
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International approves 2024 executive bonus and RSU awards under 2023 Plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000018/0000819793-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000018/ain-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000018

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