How Kleveland was paid
$4.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Gunnar KlevelandPresident and CEO | $922,327 | $2,612,570 | $699,550 | $24,838 | $4,259,285 |
| Willard StationExecutive VP & Chief Financial Officer | $184,615 | $2,793,308 | $331,742 | $24,146 | $3,333,812 |
| Robert StarrFormer Executive VP & Chief Financial Officer | $243,121 | $899,994 | — | $258,902 | $1,402,017 |
| Jairaj ChetnaniFormer Interim Chief Financial Officer | $280,576 | $119,371 | — | $11,442 | $411,388 |
| Merle SteinPresident, Machine Clothing | $501,955 | $539,964 | $271,915 | $272,481 | $1,586,314 |
| Chris StonePresident, Albany Engineered Composites | $510,962 | $617,947 | $268,018 | $19,574 | $1,416,500 |
| Joseph GaugSr. VP - General Counsel & Secretary | $450,888 | $511,520 | $244,289 | $22,083 | $1,228,780 |
What changed and why
- $4.3MGunnar Kleveland received total compensation of $4,259,285 in 2025.
- $1,182.8MNet sales for the company were $1,182.8 million in 2025.
- $36.1MOperating income decreased to negative $36.1 million in 2025.
- The CEO to median employee pay ratio was 71 to 1.
- Willard Station joined as Executive VP and Chief Financial Officer.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.