Gregory N. Harwell - Nov 4, 2022 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President- AEC
Signature
Kathleen M Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Nov 4, 2022
Transactions value $
-$258,546
Form type
4
Date filed
11/7/2022, 08:40 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 Options Exercise $0 +3.04K $0.00 3.04K Nov 4, 2022 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$259K -3.04K -100% $85.02 0 Nov 4, 2022 Direct F1
holding AIN Class A Common Stock 617 Nov 4, 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 Restricted Stock Units Options Exercise $0 -3.04K -100% $0.00* 0 Nov 4, 2022 Class A Common Stock 3.04K Direct F2, F3, F4
holding AIN Restricted Stock Units 2.46K Nov 4, 2022 Class A Common Stock 2.46K Direct F5, F6
holding AIN Restricted Stock Units 3.7K Nov 4, 2022 Class A Common Stock 3.7K Direct F7, F8
* 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 Restricted 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.
F2 Restricted Stock Units granted November 4, 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.
F3 1,764 Restricted Stock Units (plus related dividend units) vest on November 4, 2020; 2,587 Restricted Stock Units (plus related dividend units) vest on November 4, 2021; and 2,941 Restricted Stock Units (plus related dividend units) vest on November 4, 2022.
F4 Includes dividend units accrued on Restricted Stock Units on April 7, July 8 and October 7, 2022.
F5 1,228 Restricted Stock Units vest on February 19, 2022; 1,228 Restricted Stock Units vest on February 19, 2023; and 1,228 Restricted Stock Units vest on February 19, 2024.
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 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 1,234 Restricted Stock Units vest on March 1, 2023; 1,234 Restricted Stock Units vest on March 1, 2024; and 1,235 Restricted Stock Units vest on March 1, 2025.