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Albany International Executive Compensation (FY25)

AIN · Rochester, NH · Executive and director compensation, fiscal 2024 to 2025

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Data as of September 20, 2026Latest filing (8-K): May 19, 2026
13 filings cited on this page
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Albany International brief$1,500Get the executive brief
268 figures on this page: 257 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Gunnar Kleveland
Median of the other named officers
$1,409,259
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 15, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gunnar Kleveland: $3,921,822 → $4,259,285 (8.6% higher)
Say-on-pay support: 96.9% → 98.7% (1.8 points higher)
CEO pay ratio: 74:1 → 71:1 (4.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Albany International's chief executive and what were they paid?
Total compensation for Gunnar Kleveland, President and CEO, came to $4,259,285 in fiscal 2025. Kleveland's total was 8.6% higher than the $3,921,822 reported for fiscal 2024.
What was Albany International's say-on-pay result?
The say-on-pay proposal drew 98.7% of votes cast for or against in favor at the meeting held May 15, 2026 for fiscal 2025.
Which companies are in Albany International's peer group?
The disclosed peer group names BWX Technologies, Inc., Curtiss-Wright Corporation, Ducommun Incorporated, Enpro, Inc. and ESCO Technologies, Inc., among others.
What is Albany International's chief executive pay ratio?
The company reported a chief executive pay ratio of 71:1 for fiscal 2025, against median employee compensation of $59,954.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gunnar Kleveland
President and CEO
◇—◇—◇—◇◇
Christopher Stone
President, Albany Engineered Composites
◇—◇—◇—◇◇
Daniel Halftermeyer
Former President, Machine Clothing
Departed during or after this year
◇—◇—◇◇◇◇†
Robert Starr
Chief Financial Officer
◇—◇—◇—◇◇
Gregory Harwell
Former President, Albany Engineered Composites
Departed during or after this year
◇—◇—◇—◇◇
Merle Stein
President, Machine Clothing
◇—◇—◇—◇◇
Joseph Gaug
VP - General Counsel & Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gunnar Kleveland
President and CEO
◇—◇—◇—◇◇
Willard Station
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Merle Stein
President, Machine Clothing
◇—◇—◇—◇◇
Christopher Stone
President, Albany Engineered Composites
◇—◇—◇—◇◇
Robert Starr
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Joseph Gaug
Senior Vice President, General Counsel & Secretary
◇—◇—◇—◇◇
Jairaj Chetnani
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chris StonePSU◇◇◇—◇—◇
Gunnar KlevelandPSU◇◇◇—◇—◇
Jairaj ChetnaniPSU◇◇◇—◇—◇
Joseph GaugPSU◇◇◇—◇—◇
Merle SteinPSU◇◇◇—◇—◇
Robert StarrPSU◇◇◇—◇—◇
Willard StationPSU◇— withheld◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert StarrRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph GaugPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Gunnar KlevelandPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Willard StationRSU◇◇——
PSU◇◇——
Christopher StoneRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christopher Stone
President, Albany Engineered Composites · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Gunnar Kleveland
President and CEO · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Joseph Gaug
Senior Vice President, General Counsel & Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Merle Stein
President, Machine Clothing · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Robert Starr
Former Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John R. Scannell
Board chair
◇◇————◇
Kenneth W. Krueger
◇◇————◇
Katharine L. Plourde
◇◇————◇
J. Michael McQuade
◇◇————◇
Russell E. Toney
◇◇————◇
Bonnie C. Lind
◇◇————◇
Mark J. Murphy
◇◇————◇
Christina M. Alvord
◇◇————◇
Gunnar Kleveland, A. William Higgins and Erland E. Kailbourne served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Class A Common Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BWX Technologies, Inc. BWXT
  • Curtiss-Wright Corporation CW
  • Ducommun Incorporated DCO
  • Enpro, Inc. symbol not shown
  • ESCO Technologies, Inc. symbol not shown
  • Franklin Electric Co., Inc. FELE
  • Graco, Inc. symbol not shown
  • Helios Technologies, Inc. HLIO
  • Hexcel Corporation HXL
  • Kadant Inc. symbol not shown
  • Mercury Systems, Inc. MRCY
  • Mueller Water Products, Inc. symbol not shown
  • Nordson Corporation NDSN
  • SPX Technologies, Inc. SPXC
  • Standex International Corporation SXI
  • TriMas Corporation symbol not shown
  • Woodward, Inc. WOW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 15, 2026=◇◇◇
2024May 16, 2025=◇◇◇
2023May 10, 2024=◇◇◇
2022May 12, 2023=◇◇◇
2021May 20, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 10, 2019=◇◇◇
2017May 11, 2018=◇◇◇
2016May 12, 2017=◇◇◇
2015May 13, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Albany International disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Albany International sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
268 figures on this page: 257 cited to the filing that reported them, 11 calculated from figures it prints.
257 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-036165
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001628280-26-022940
    CEO Pay Ratio · DIRECTOR COMPENSATION · GRANTS OF PLAN-BASED AWARDS · Grants of Plan-Based Awards · and 3 more sections
  3. 0001628280-25-026527
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001628280-25-016378
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0000819793-24-000036
  6. 0000819793-23-000045
  7. 0000819793-22-000032
  8. 0000819793-21-000044
  9. 0000891092-20-006739
  10. 0000891092-19-005779
  11. 0000891092-18-004335
  12. 0000891092-17-003939
  13. 0000891092-16-014933
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Albany International executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/AIN (accessed 2026).
Short form: data: Velarion

The Albany International brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers Albany International discloses

The companies named in AIN's own disclosed peer group.

BWX Technologies, Inc.Curtiss-Wright CorporationFranklin Electric Co., Inc.Helios Technologies, Inc.Hexcel CorporationMercury Systems, Inc.Nordson CorporationSPX Technologies, Inc.Standex International Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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