secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000819793-25-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International awards 2025 performance and restricted stock units to named executives
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- CEO Gunnar Kleveland granted target of 16,349 PSUs and 16,349 RSUs under 2023 Incentive Plan.
- Other NEOs (Starr, Stein, Stone, Gaug) granted PSU targets ranging from 3,201 to 5,632 shares.
- PSU payouts range 0-200% based on adjusted EBITDA, ROIC, and relative TSR over 2025-2027.
- RSUs vest one-third annually over three years; settlement in stock upon vesting.
- All awards subject to clawback policy and forfeiture upon termination for cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979325000010/0000819793-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979325000010/ain-20250221.htm
  HTML page:      https://secwatch.observer/filing/0000819793-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer