A. William Higgins served as the CEO of Albany International Inc. from January 2020 until his retirement in September 2023. With a background in Business Administration from the University of Massachusetts, Higgins brought a wealth of business knowledge and leadership...

Current Market Cap

$2.61B

Number of Employees

5.6K

Total Compensation

2020 - 2023

Trending up by 21.10% last year
Showing total compensation for the last 2020 - 2023

Stock

Up by 2300.00% last year

Salary

Down by -27.74% last year

Bonus

Down by -100.00% last year

Other

Down by -35.69% last year

Year

2023

Total Compensation

$3.10M

Salary

$672.92K

Board Justification

The compensation philosophy emphasizes alignment with company performance, peer benchmarking, and retention strategies, ensuring that compensation reflects individual contributions to the company's strategic objectives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as Mr. Higgins retired from the Company on September 1, 2023.

Other

$27.73K

Board Justification

Includes company-matching contributions to the 401(k) plan and insurance premiums paid by the company.

Restricted Stock

$2.40M(2.4M RSU)

Board Justification

This amount represents the grant date fair value of stock awards that vested in 2023, including performance shares and RSUs.

Performance Metrics

The performance metrics for the 2023 APP Performance Awards included AIN Adjusted EBITDA, AIN TRIR, and compliance/control metrics.

SEC Filing

From March 28, 2024