Andrew William Higgins - Mar 1, 2023 Form 4/A - Amendment Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President & CEO, Director
Signature
Kathleen M. Tyrrell, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2023
Transactions value $
-$1,302,770
Form type
4/A - Amendment
Date filed
3/8/2023, 10:52 AM
Date Of Original Report
Mar 2, 2023
Previous filing
Feb 27, 2023
Next filing
Apr 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +32.4K +231.44% $0.00 46.4K Mar 1, 2023 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +4.26K +9.2% $0.00 50.6K Mar 1, 2023 Direct F2, F3
transaction AIN Class A Common Stock Tax liability -$1.3M -12.9K -25.55% $100.74 37.7K Mar 1, 2023 Direct F3, 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 Restricted Stock Units Options Exercise $0 -4.26K -33.33% $0.00 8.53K Mar 1, 2023 Class A Common Stock 12.8K Direct F3, F7, F8
holding AIN Restricted Stock Units 4.18K Mar 1, 2023 Class A Common Stock 4.18K Direct F5, F6
holding AIN Restricted Stock Units 11.8K Mar 1, 2023 Class A Common Stock 11.8K Direct F3, F9, F10
* 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 Correction to number of shares due to administrative error.
F4 Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1 and 2 above.
F5 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.
F6 4,177 Restricted Stock Units vest on February 19, 2022; 4,177 Restricted Stock Units vest on February 19, 2023; and 4,177 Restricted Stock Units vest on February 19, 2024.
F7 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.
F8 4,263 Restricted Stock Units vest on March 1, 2023; 4,264 Restricted Stock Units vest on March 1, 2024; and 4,264 Restricted Stock Units vest on March 1, 2025.
F9 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.
F10 3,948 Restricted Stock Units vest on March 1, 2024; 3,947 Restricted Stock Units vest on March 1, 2025; and 3,947 Restricted Stock Units vest on March 1, 2026.