Stephen M. Nolan - 01 Mar 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role: CFO & Treasurer
Signature: Kathleen M Tyrrell, Attorney-in-Fact
Issuer symbol: AIN
Transactions as of: 01 Mar 2023
Net transactions value: -$491,208
Form type: 4
Filing time: 02 Mar 2023, 12:29:53 UTC
Previous filing: 27 Feb 2023
Next filing: 10 Apr 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	Award	$0	+11,415	+196%	$0.000000	17,249	01 Mar 2023	Direct	F1
transaction	AIN	Class A Common Stock	Options Exercise	$0	+1,584	+9.2%	$0.000000	18,883	01 Mar 2023	Direct	F2
transaction	AIN	Class A Common Stock	Tax liability	$491,208	-4,876	-26%	$100.74	13,957	01 Mar 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	-1,584	-33%	$0.000000	3,169	01 Mar 2023	Class A Common Stock	4,753		Direct	F6, F7
holding	AIN	Restricted Stock Units						1,651	01 Mar 2023	Class A Common Stock	1,651		Direct	F4, F5
holding	AIN	Restricted Stock Units						4,215	01 Mar 2023	Class A Common Stock	4,215		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.