Gunnar Kleveland is the current CEO of Albany International, having joined the company in September 2023. He holds a Bachelor’s degree in Aeronautics and an MBA, bringing substantial experience from Textron, where he led multiple divisions, including Textron Specialized Vehicles....

Current Market Cap

$2.61B

Number of Employees

5.6K

Total Compensation

2023 - 2023

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Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

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Year

2023

Total Compensation

$4.25M

Salary

$300.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder value, while targeting total direct compensation near the market median.

Bonus

$3.30M

Board Justification

The bonus is based on the Annual Performance Period (APP) Award, which is determined by performance metrics including AIN Adjusted EBITDA and other operational goals for the fiscal year 2023.

Other

$139.67K

Board Justification

Other compensation includes contributions to retirement plans and insurance premiums paid by the company.

Restricted Stock

$507.48K(7.5K RSU)

Board Justification

The vested stock is part of the Multi-year Performance Period (MPP) Award, which is based on performance metrics over a three-year period, with shares granted in 2023.

Performance Metrics

The performance metrics for 2023 included AIN Adjusted EBITDA, total recordable incident rate (TRIR), and compliance/control measures.

SEC Filing

From March 28, 2024