Joseph M. Gaug - Feb 22, 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
VP-General Counsel & Secretary
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Feb 22, 2022
Transactions value $
-$19,843
Form type
4
Date filed
2/23/2022, 12:53 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 -$19.8K -232 -40.28% $85.53 344 Feb 22, 2022 Direct F2
holding AIN Class A Common Stock 1.13K Feb 22, 2022 By 401(k)

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 -33.35% $0.00 1.15K Feb 22, 2022 Class A Common Stock 1.73K Direct F11, F12
holding AIN Phantom Stock Units 324 Feb 22, 2022 Class A Common Stock 324 Direct F3, F4
holding AIN Phantom Stock Units 879 Feb 22, 2022 Class A Common Stock 879 Direct F5, F6
holding AIN Phantom Stock Units 1.38K Feb 22, 2022 Class A Common Stock 1.38K Direct F7, F8
holding AIN Phantom Stock Units 1.85K Feb 22, 2022 Class A Common Stock 1.85K Direct F9, F10
* 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 22, 2018 pursuant to the Phantom Stock Unit 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 324 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.
F5 Phantom Stock Units granted on February 21, 2019 pursuant to the Phantom Stock Unit 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.
F6 437 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F7 Phantom Stock Units granted on February 20, 2020 pursuant to the Phantom Stock Unit 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.
F8 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F9 Phantom Stock Units granted on February 18, 2021 pursuant to the Phantom Stock Unit 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.
F10 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F11 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.
F12 576 Restricted Stock Units vest on February 19, 2022; 576 Restricted Stock Units vest on February 19, 2023; and 575 Restricted Stock Units vest on February 19, 2024.