Gregory N. Harwell - Mar 1, 2023 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President- AEC
Signature
Kathleen M Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$309,977
Form type
4
Date filed
3/2/2023, 12:31 PM
Previous filing
Feb 27, 2023
Next filing
Aug 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +7K +521.13% $0.00 8.35K Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +1.23K +14.78% $0.00 9.58K Mar 1, 2023 Direct F2
transaction AIN Class A Common Stock Tax liability -$310K -3.08K -32.11% $100.74 6.51K 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 -1.23K -33.32% $0.00 2.47K Mar 1, 2023 Class A Common Stock 3.7K Direct F6, F7
holding AIN Restricted Stock Units 1.23K Mar 1, 2023 Class A Common Stock 1.23K Direct F4, F5
holding AIN Restricted Stock Units 3.55K Mar 1, 2023 Class A Common Stock 3.55K 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 1,228 Restricted Stock Units vest on February 19, 2022; 1,228 Restricted Stock Units vest on February 19, 2023; and 1,228 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 1,234 Restricted Stock Units vest on March 1, 2023; 1,234 Restricted Stock Units vest on March 1, 2024; and 1,235 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 1183 Restricted Stock Units vest on March 1, 2024;1182 Restricted Stock Units vest on March 1, 2025; and 1182 Restricted Stock Units vest on March 1, 2026.