Joseph M. Gaug - Feb 21, 2023 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
Feb 21, 2023
Transactions value $
-$24,074
Form type
4
Date filed
2/22/2023, 02:11 PM
Previous filing
Mar 1, 2022
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 +576 +167.44% $0.00 920 Feb 21, 2023 Direct F1
transaction AIN Class A Common Stock Tax liability -$24.1K -240 -26.09% $100.31 680 Feb 21, 2023 Direct F2
holding AIN Class A Common Stock 1.14K Feb 21, 2023 By 401(k)

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 -576 -50.04% $0.00 575 Feb 21, 2023 Class A Common Stock 1.15K Direct F9, F10
holding AIN Phantom Stock Units 442 Feb 21, 2023 Class A Common Stock 442 Direct F3, F4
holding AIN Phantom Stock Units 923 Feb 21, 2023 Class A Common Stock 923 Direct F5, F6
holding AIN Phantom Stock Units 1.39K Feb 21, 2023 Class A Common Stock 1.39K Direct F7, F8
holding AIN Restricted Stock Units 1.92K Feb 21, 2023 Class A Common Stock 1.92K Direct F11, F12
* 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 described in footnote 1 above.
F3 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.
F4 437 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F5 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.
F6 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F7 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.
F8 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F9 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.
F10 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.
F11 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.
F12 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.