Gregory N. Harwell - 22 Feb 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President- AEC
Signature
Kathleen M Tyrrell, Attorney-in-Fact
Issuer symbol
AIN
Transactions as of
22 Feb 2022
Net transactions value
-$52,259
Form type
4
Filing time
23 Feb 2022, 12:45:01 UTC
Previous filing
05 Nov 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Options Exercise $0 +1,228 $0.000000 1,228 22 Feb 2022 Direct F1
transaction AIN Class A Common Stock Tax liability $52,259 -611 -50% $85.53 617 22 Feb 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 -1,228 -33% $0.000000 2,456 22 Feb 2022 Class A Common Stock 3,684 Direct F5, F6
holding AIN Restricted Stock Units 3,024 22 Feb 2022 Class A Common Stock 3,024 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 Restricted Stock Units granted November 4, 2019 pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock as the time of vesting.
F4 1,764 Restricted Stock Units (plus related dividend units) vest on November 4, 2020; 2,587 Restricted Stock Units (plus related dividend units) vest on November 4, 2021; and 2,941 Restricted Stock Units (plus related dividend units) vest on November 4, 2022.
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 1,228 Restricted Stock Units vest on February 19, 2022; 1,228 Restricted Stock Units vest on February 19, 2023; and 1,228 Restricted Stock Units vest on February 19, 2024.