Alice McCarvill - Feb 22, 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
Exec VP Human Resources
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Feb 22, 2022
Transactions value $
-$28,481
Form type
4
Date filed
2/23/2022, 12:42 PM
Previous filing
Feb 4, 2022
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Options Exercise $0 +576 $0.00 576 Feb 22, 2022 Direct F1
transaction AIN Class A Common Stock Tax liability -$28.5K -333 -57.81% $85.53 243 Feb 22, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIN Restricted Stock Units Options Exercise $0 -576 -33.31% $0.00 1.15K Feb 22, 2022 Class A Common Stock 1.73K Direct F5, F6
holding AIN Phantom Stock Units 1.5K Feb 22, 2022 Class A Common Stock 1.5K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares distributed pursuant to vesting of Restricted Stock units granted February 19, 2021.
F2 Shares withheld to satisfy the tax liability in connection with the transaction described in footnote 1 above.
F3 Phantom Stock Units granted on February 21, 2019 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
F4 752 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F5 Restricted Stock Units granted February 19, 2021 pursuant to the Albany International Corp. 2017 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
F6 576 Restricted Stock Units vest on February 19, 2022; 576 Restricted Stock Units vest on February 19, 2023; and 577 Restricted Stock Units vest on February 19, 2024.