Alice McCarvill - Mar 1, 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: Mar 1, 2022
Transactions value $: -$196,963
Form type: 4
Date filed: 3/2/2022, 11:43 AM
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	Award	$0	+3K	+1236.21%	$0.00	3.25K	Mar 1, 2022	Direct	F1
transaction	AIN	Class A Common Stock	Tax liability	-$133K	-1.59K	-49%	$83.35	1.66K	Mar 1, 2022	Direct	F2
transaction	AIN	Class A Common Stock	Options Exercise	$0	+751		$0.00	751	Mar 1, 2022	Direct	F3
transaction	AIN	Class A Common Stock	Disposed to Issuer	-$64.4K	-751	-100%	$85.69	0	Mar 1, 2022	Direct	F3

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	-751	-50%	$0.00	751	Mar 1, 2022	Class A Common Stock	1.5K		Direct	F4, F5
holding	AIN	Restricted Stock Units						1.15K	Mar 1, 2022	Class A Common Stock	1.15K		Direct	F6, F7
holding	AIN	Restricted Stock Units						2.14K	Mar 1, 2022	Class A Common Stock	2.14K		Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2017 Incentive Plan.
F2	Shares withheld to satisfy the tax liability in connection with the acquisition described in footnote 1.
F3	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 footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F4	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.
F5	752 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F6	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.
F7	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.
F8	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.
F9	713 Restricted Stock Units vest on March 1, 2023; 713 Restricted Stock Units vest on March 1, 2024; and 713 Restricted Stock Units vest on March 1, 2025.