At Albany International, Frank R. Schmeler's wealth was heavily tied to the company's performance. As of 2005, he held 35,482 shares as part of his restricted stock units valued at approximately $1.28 million. He also acquired shares worth over $386,000...
At Albany International, Frank R. Schmeler's wealth was heavily tied to the company's performance. As of 2005, he held 35,482 shares as part of his restricted stock units valued at approximately $1.28 million. He also acquired shares worth over $386,000 from previous awards. During his leadership, a peak of 42,000 shares was granted based on hitting key goals, with the value fluctuating as the stock price changed. His holdings present a picture of a leader whose financial stake in the company reflected his commitment to its success, with much of his wealth resting in restricted stock units that would vest over time. This indicates a methodical approach to aligning his interests with that of the shareholders.