Joseph M. Gaug - 21 Feb 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
VP-General Counsel & Secretary
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Issuer symbol
AIN
Transactions as of
21 Feb 2023
Net transactions value
-$24,074
Form type
4
Filing time
22 Feb 2023, 14:11:28 UTC
Previous filing
01 Mar 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

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% $0.000000 920 21 Feb 2023 Direct F1
transaction AIN Class A Common Stock Tax liability $24,074 -240 -26% $100.31 680 21 Feb 2023 Direct F2
holding AIN Class A Common Stock 1,136 21 Feb 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% $0.000000 575 21 Feb 2023 Class A Common Stock 1,151 Direct F9, F10
holding AIN Phantom Stock Units 442 21 Feb 2023 Class A Common Stock 442 Direct F3, F4
holding AIN Phantom Stock Units 923 21 Feb 2023 Class A Common Stock 923 Direct F5, F6
holding AIN Phantom Stock Units 1,389 21 Feb 2023 Class A Common Stock 1,389 Direct F7, F8
holding AIN Restricted Stock Units 1,923 21 Feb 2023 Class A Common Stock 1,923 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.