Joseph M. Gaug - 01 Mar 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
VP-General Counsel & Secretary
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Issuer symbol
AIN
Transactions as of
01 Mar 2022
Net transactions value
-$144,388
Form type
4
Filing time
01 Mar 2022, 14:29:13 UTC
Previous filing
28 Feb 2022
Next filing
22 Feb 2023
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 +324 $0.000000 324 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer $27,764 -324 -100% $85.69 0 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +437 $0.000000 437 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer $37,447 -437 -100% $85.69 0 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +461 $0.000000 461 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer $39,503 -461 -100% $85.69 0 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +463 $0.000000 463 01 Mar 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer $39,674 -463 -100% $85.69 0 01 Mar 2022 Direct F1
holding AIN Class A Common Stock 1,127 01 Mar 2022 By 401(k)
holding AIN Class A Common Stock 344 01 Mar 2022 Direct

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 Phantom Stock Units Options Exercise $0 -324 -100% $0.000000* 0 01 Mar 2022 Class A Common Stock 324 Direct F2, F3
transaction AIN Phantom Stock Units Options Exercise $0 -437 -50% $0.000000 442 01 Mar 2022 Class A Common Stock 879 Direct F4, F5
transaction AIN Phantom Stock Units Options Exercise $0 -461 -33% $0.000000 923 01 Mar 2022 Class A Common Stock 1,384 Direct F6, F7
transaction AIN Phantom Stock Units Options Exercise $0 -463 -25% $0.000000 1,389 01 Mar 2022 Class A Common Stock 1,852 Direct F8, F9
holding AIN Restricted Stock Units 1,151 01 Mar 2022 Class A Common Stock 1,151 Direct F10, F11
holding AIN Restricted Stock Units 1,923 01 Mar 2022 Class A Common Stock 1,923 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnotes 2, 4, 6 and 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F2 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.
F3 324 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.
F4 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.
F5 437 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F6 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.
F7 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F8 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.
F9 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F10 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.
F11 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.
F12 Restricted Stock Units granted February 25, 2022 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.
F13 641 Restricted Stock Units vest on March 1, 2023; 641 Restricted Stock Units vest on March 1, 2024; and 641 Restricted Stock Units vest on March 1, 2025.