Stephen M. Nolan - Apr 1, 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
CFO & Treasurer
Signature
Kathleen M Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Apr 1, 2022
Transactions value $
-$362,289
Form type
4
Date filed
4/5/2022, 10:23 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 Tax liability -$239K -2.79K -37.38% $85.81 4.67K Apr 1, 2022 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +1.44K $0.00 1.44K Apr 1, 2022 Direct F2
transaction AIN Class A Common Stock Disposed to Issuer -$123K -1.44K -100% $85.69 0 Apr 1, 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 -1.44K -100% $0.00* 0 Apr 1, 2022 Class A Common Stock 1.44K Direct F3, F4
holding AIN Restricted Stock Units 3.3K Apr 1, 2022 Class A Common Stock 3.3K Direct F5, F6
holding AIN Restricted Stock Units 4.75K Apr 1, 2022 Class A Common Stock 4.75K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy the tax liability in connection with the distribution of 6,285 Performance Shares granted April 1, 2019 pursuant to the Albany International Corp. 2017 Incentive Plan, which shares vested on April 1, 2022.
F2 Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such Units (see footnote 3). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F3 Restricted Stock Units granted April 1, 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 1,397 Restricted Stock Units (plus related dividend units) vest on April 1, 2020; 1,397 Restricted Stock Units (plus related dividend units) vest on April 1, 2021; and 1,396 Restricted Stock Units (plus related dividend units) vest on April 1, 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 1,650 Restricted Stock Units vest on February 19, 2022; 1,650 Restricted Stock Units vest on February 19, 2023; and 1,651 Restricted Stock Units vest on February 19, 2024.
F7 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.
F8 1,584 Restricted Stock Units vest on March 1, 2023; 1,584 Restricted Stock Units vest on March 1, 2024; and 1,585 Restricted Stock Units vest on March 1, 2025.