In 2023, Gunnar Kleveland earned $4.25M in total compensation at Albany International Inc., including $300.00K salary, $3.30M bonus and $507.48K in stock. Most recently acquired 1,250 shares in May 2024. Currently holds stock worth $986.99K. 2+ years at the helm of Albany International Inc..
Compensation History
Annual executive compensation data for Gunnar Kleveland, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$4.25M
Salary
$300.00K
Bonus
$3.30M
Other
$139.67K
Salary
$300.00KBoard 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
$3.30MBoard 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 Compensation
$139.67KBoard Justification
Other compensation includes contributions to retirement plans and insurance premiums paid by the company.
Restricted Stock
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.
Gunnar Kleveland
CEO of Albany International Inc.
Education
Bachelor's degree in Aeronautics from Embry Riddle Aeronautical University and an MBA from Midwestern State University
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
Born
May 15, 1969 - 56 years ago
CEO of Albany International Inc. for
2 years 3 months (Sep 2023 - Present)
Previous Experience
President and CEO of Textron Specialized Vehicles Inc.
Other Albany International Inc. CEOs
Holdings
Track Gunnar Kleveland's stock holdings and portfolio value over time.
Insider Trading
Gunnar Kleveland's recent stock transactions, purchases, and sales filed with the SEC.
$105.85K
AIN at $84.68/share
May 3, 2024
Purchase
Rivals
Compare Gunnar Kleveland with competitor CEOs and industry peers.
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