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

Role
Exec VP Human Resources
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$366,801
Form type
4
Date filed
3/2/2023, 12:26 PM
Previous filing
Feb 27, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +4.44K +235.28% $0.00 6.33K Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +713 +11.26% $0.00 7.04K Mar 1, 2023 Direct F2
transaction AIN Class A Common Stock Tax liability -$285K -2.83K -40.14% $100.74 4.22K Mar 1, 2023 Direct F3
transaction AIN Class A Common Stock Options Exercise $0 +751 $0.00 751 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Disposed to Issuer -$82K -751 -100% $109.20 0 Mar 1, 2023 Direct F4

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 -751 -100% $0.00* 0 Mar 1, 2023 Class A Common Stock 751 Direct F5, F6
transaction AIN Restricted Stock Units Options Exercise $0 -713 -33.33% $0.00 1.43K Mar 1, 2023 Class A Common Stock 2.14K Direct F9, F10
holding AIN Restricted Stock Units 577 Mar 1, 2023 Class A Common Stock 577 Direct F7, F8
holding AIN Restricted Stock Units 1.9K Mar 1, 2023 Class A Common Stock 1.9K 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 a Multi-Year Performance Bonus Award made under the Albany International Corp. 2017 Incentive Plan.
F2 Shares distributed pursuant to vesting of Restricted Stock units granted February 25, 2022.
F3 Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1 and 2 above.
F4 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 5). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F5 Phantom Stock Units granted on February 21, 2019 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.
F6 752 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F7 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.
F8 576 Restricted Stock Units vest on February 19, 2022; 576 Restricted Stock Units vest on February 19, 2023; and 577 Restricted Stock Units vest on February 19, 2024.
F9 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.
F10 713 Restricted Stock Units vest on March 1, 2023; 713 Restricted Stock Units vest on March 1, 2024; and 713 Restricted Stock Units vest on March 1, 2025.
F11 Restricted Stock Units granted February 24, 2023 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 633 Restricted Stock Units vest on March 1, 2024; 632 Restricted Stock Units vest on March 1, 2025; and 632 Restricted Stock Units vest on March 1, 2026.