In 2019, Joseph G. Morone earned $2.77M in total compensation at Albany International Inc., including $831.25K salary and $1.70M bonus. Most recently acquired 37,145 shares in Mar 2018. Currently holds stock worth $13.52M. Led Albany International Inc. as CEO for 13 years.
Compensation History
Annual executive compensation data for Joseph G. Morone, including salary, bonuses, and stock awards.
Year
2019
Total Compensation
$2.77M
Salary
$831.25K
Bonus
$1.70M
Other
$240.26K
Salary
$831.25KBoard Justification
The compensation philosophy aims to attract and retain talented executives while aligning compensation with company performance and shareholder value.
Bonus
$1.70MBoard Justification
Annual Performance Award based on company performance metrics for 2019, paid in cash in March 2020.
Other Compensation
$240.26KBoard Justification
Includes various forms of compensation such as profit-sharing, company-matching contributions to retirement plans, and other benefits.
Restricted Stock
Board Justification
No stock awards vested in 2019.
Performance Metrics
2019 AIN Adjusted EBITDA, AIN Days Working Capital Reduction, AIN TRIR, AIN Compliance/External Auditors, AIN Compliance/Internal Auditors.
Joseph G. Morone
Ex-CEO of Albany International Inc.
Education
Bachelor's degree in Engineering from the University of Pennsylvania
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Consumer Cyclical
Born
April 12, 1956 - 69 years ago
CEO of Albany International Inc. for
13 years 0 months (Jan 2006 - Jan 2019)
Previous Experience
President of Albany International Corp. since September 1, 2005
Holdings
Track Joseph G. Morone's stock holdings and portfolio value over time.
Insider Trading
Joseph G. Morone's recent stock transactions, purchases, and sales filed with the SEC.
37,145 shares
AIN
Mar 1, 2018
Received
37,456 shares
AIN
Mar 1, 2017
Received
47,233 shares
AIN
Mar 1, 2016
Received
49,024 shares
AIN
Mar 1, 2015
Received
44,830 shares
AIN
Mar 1, 2014
Received
68,897 shares
AIN
Mar 1, 2013
Received
29,096 shares
AIN
Mar 1, 2012
Received
22,587 shares
AIN
Mar 1, 2011
Received
Rivals
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2023 Compensation
Stock
$1.33M
Salary
$946.31K
Bonus
$2.08M
Other
$209.16K
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$4.86M
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2022 Compensation
Stock
$0.00
Salary
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Bonus
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Other
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Total Holdings
$850.82K
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2023 Compensation
Stock
$2.59M
Salary
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Bonus
$2.78M
Other
$320.35K
Total Holdings
$176.23K
Christopher Rossi
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2022 Compensation
Stock
$0.00
Salary
$962.06K
Bonus
$195.84K
Other
$0.00
Total Holdings
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Nicholas Fanandakis
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2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$158.98K
Total Holdings
$3.19M