Deals between ALB and its directors, executives, owners of more than 5% or their families: a relative on the payroll,
a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
Below: what the proxy filed 2026-03-24 reports that the one filed 2025-03-27 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-27.
Nothing new: every deal in this year's section was reported last year too.
The whole section 5 paragraphs, proxy filed 2026-03-24
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“The Company has adopted a written Related Person Transaction Policy that applies:”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“to any transaction or series of transactions in which the Company or a subsidiary is a participant;”
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“when the amount involved exceeds $120,000; and • when a related party (a Director or executive officer of the Company, nominee for Director, or a holder of more than 5% of our common stock and any immediate family member of any such person) has a direct or indirect material interest (other than solely as a result of being a director or trustee or in any similar position or a less-than-10% beneficial owner of another entity).”
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“This policy is administered by the Audit & Finance Committee or the disinterested members of the Board of Directors, which will consider relevant facts and circumstances in determining whether to approve or ratify such a transaction in accordance with the policy’s guidelines. The Audit & Finance Committee or Board will approve or ratify only those transactions that are, in its judgment, in the best interests of the Company and its shareholders and if the transaction is on arm’s length terms comparable to those that could be obtained with an unrelated third party, or if the transaction involves compensation approved by our Executive Compensation & Talent Development Committee. For purposes of determining whether a transaction is a related person transaction, the Audit & Finance Committee may rely upon Item 404 of Regulation S-K.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“The Audit & Finance Committee was not presented with and the Company did not participate in, any related person transactions in 2025. No such related person transactions are currently proposed.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not.
A deal reported again with a new amount is not new. Always check the filing.
Open the proxy ↗ · Last year's proxy ↗
