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

Role
VP-General Counsel & Secretary
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$303,602
Form type
4
Date filed
3/3/2023, 03:15 PM
Previous filing
Feb 27, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +3.57K +525% $0.00 4.25K Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +641 +15.08% $0.00 4.89K Mar 1, 2023 Direct F2
transaction AIN Class A Common Stock Tax liability -$154K -1.53K -31.34% $100.74 3.36K Mar 1, 2023 Direct F3
transaction AIN Class A Common Stock Options Exercise $0 +442 $0.00 442 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Disposed to Issuer -$48.3K -442 -100% $109.20 0 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Options Exercise $0 +461 $0.00 461 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Disposed to Issuer -$50.3K -461 -100% $109.20 0 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Options Exercise $0 +463 $0.00 463 Mar 1, 2023 Direct F4
transaction AIN Class A Common Stock Disposed to Issuer -$50.6K -463 -100% $109.20 0 Mar 1, 2023 Direct F4
holding AIN Class A Common Stock 1.14K Mar 1, 2023 By 401(k)

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 -442 -100% $0.00* 0 Mar 1, 2023 Class A Common Stock 442 Direct F5, F6
transaction AIN Phantom Stock Units Options Exercise $0 -461 -49.95% $0.00 462 Mar 1, 2023 Class A Common Stock 923 Direct F7, F8
transaction AIN Phantom Stock Units Options Exercise $0 -463 -33.33% $0.00 926 Mar 1, 2023 Class A Common Stock 1.39K Direct F9, F10
transaction AIN Restricted Stock Units Options Exercise $0 -641 -33.33% $0.00 1.28K Mar 1, 2023 Class A Common Stock 1.92K Direct F13, F14
holding AIN Restricted Stock Units 575 Mar 1, 2023 Class A Common Stock 575 Direct F11, F12
holding AIN Restricted Stock Units 2.12K Mar 1, 2023 Class A Common Stock 2.12K Direct F15, F16
* 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 footnotes 5, 7 and 9). 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 Unit 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 442 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
F7 Phantom Stock Units granted on February 20, 2020 pursuant to the Phantom Stock Unit 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.
F8 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F9 Phantom Stock Units granted on February 18, 2021 pursuant to the Phantom Stock Unit 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.
F10 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F11 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.
F12 576 Restricted Stock Units vest on February 19, 2022; 576 Restricted Stock Units vest on February 19, 2023; and 575 Restricted Stock Units vest on February 19, 2024
F13 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.
F14 641 Restricted Stock Units vest on March 1, 2023; 641 Restricted Stock Units vest on March 1, 2024; and 641 Restricted Stock Units vest on March 1, 2025.
F15 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.
F16 708 Restricted Stock Units vest on March 1, 2024; 707 Restricted Stock Units vest on March 1, 2025; and 707 Restricted Stock Units vest on March 1, 2026.