Joseph M. Gaug - Mar 1, 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
Mar 1, 2022
Transactions value $
-$144,388
Form type
4
Date filed
3/1/2022, 02:29 PM
Previous filing
Feb 28, 2022
Next filing
Feb 22, 2023

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 $0.00 324 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$27.8K -324 -100% $85.69 0 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +437 $0.00 437 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$37.4K -437 -100% $85.69 0 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +461 $0.00 461 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$39.5K -461 -100% $85.69 0 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +463 $0.00 463 Mar 1, 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$39.7K -463 -100% $85.69 0 Mar 1, 2022 Direct F1
holding AIN Class A Common Stock 1.13K Mar 1, 2022 By 401(k)
holding AIN Class A Common Stock 344 Mar 1, 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% $0.00* 0 Mar 1, 2022 Class A Common Stock 324 Direct F2, F3
transaction AIN Phantom Stock Units Options Exercise $0 -437 -49.72% $0.00 442 Mar 1, 2022 Class A Common Stock 879 Direct F4, F5
transaction AIN Phantom Stock Units Options Exercise $0 -461 -33.31% $0.00 923 Mar 1, 2022 Class A Common Stock 1.38K Direct F6, F7
transaction AIN Phantom Stock Units Options Exercise $0 -463 -25% $0.00 1.39K Mar 1, 2022 Class A Common Stock 1.85K Direct F8, F9
holding AIN Restricted Stock Units 1.15K Mar 1, 2022 Class A Common Stock 1.15K Direct F10, F11
holding AIN Restricted Stock Units 1.92K Mar 1, 2022 Class A Common Stock 1.92K 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.