Stephen M. Nolan - Mar 1, 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
CFO & Treasurer
Signature
Kathleen M Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$491,208
Form type
4
Date filed
3/2/2023, 12:29 PM
Previous filing
Feb 27, 2023
Next filing
Apr 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +11.4K +195.66% $0.00 17.2K Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +1.58K +9.16% $0.00 18.9K Mar 1, 2023 Direct F2
transaction AIN Class A Common Stock Tax liability -$491K -4.88K -25.89% $100.74 14K Mar 1, 2023 Direct F3

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 -1.58K -33.33% $0.00 3.17K Mar 1, 2023 Class A Common Stock 4.75K Direct F6, F7
holding AIN Restricted Stock Units 1.65K Mar 1, 2023 Class A Common Stock 1.65K Direct F4, F5
holding AIN Restricted Stock Units 4.22K Mar 1, 2023 Class A Common Stock 4.22K Direct F8, F9
* 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 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.
F5 1,650 Restricted Stock Units vest on February 19, 2022; 1,650 Restricted Stock Units vest on February 19, 2023; and 1,651 Restricted Stock Units vest on February 19, 2024.
F6 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.
F7 1,584 Restricted Stock Units vest on March 1, 2023; 1,584 Restricted Stock Units vest on March 1, 2024; and 1,585 Restricted Stock Units vest on March 1, 2025.
F8 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.
F9 1405 Restricted Stock Units vest on March 1, 2024; 1405 Restricted Stock Units vest on March 1, 2025; and 1405 Restricted Stock Units vest on March 1, 2026.