Elisabeth Indriani - Mar 1, 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
CAO & Corporate Controller
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$51,870
Form type
4
Date filed
3/1/2023, 08:46 AM
Previous filing
Feb 23, 2023
Next filing
May 8, 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 +475 $0.00 475 Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$51.9K -475 -100% $109.20 0 Mar 1, 2023 Direct F1

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 Phantom Stock Units Options Exercise $0 -475 -20.01% $0.00 1.9K Mar 1, 2023 Class A Common Stock 2.37K Direct F2, F3
* 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 Phantom 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 Phantom Stock Units granted February 23, 2023 pursuant to the Phantom Stock 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.
F3 475 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2023.