Andrew William Higgins - Feb 21, 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President & CEO, Director
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Feb 21, 2023
Transactions value $
-$101,714
Form type
4
Date filed
2/22/2023, 01:58 PM
Previous filing
Feb 13, 2023
Next filing
Feb 27, 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 +4.18K +38.59% $0.00 15K Feb 21, 2023 Direct F1
transaction AIN Class A Common Stock Tax liability -$102K -1.01K -6.76% $100.31 14K Feb 21, 2023 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 -4.18K -50% $0.00 4.18K Feb 21, 2023 Class A Common Stock 8.35K Direct F3, F4
holding AIN Restricted Stock Units 13.8K Feb 21, 2023 Class A Common Stock 13.8K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares distributed pursuant to vesting of Restricted Stock Units granted February 19, 2021.
F2 Shares withheld to satisfy tax liability in connection with the transaction descrived in footnote 1 above.
F3 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.
F4 4,177 Restricted Stock Units vest on February 19, 2022; 4,177 Restricted Stock Units vest on February 19, 2023; and 4,177 Restricted Stock Units vest on February 19, 2024.
F5 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.
F6 4,594 Restricted Stock Units vest on March 1, 2023; 4,595 Restricted Stock Units vest on March 1, 2024; and 4,595 Restricted Stock Units vest on March 1, 2025.