Andrew William Higgins - 01 Mar 2023 Form 4/A - Amendment Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role: President & CEO, Director
Signature: Kathleen M. Tyrrell, Attorney-in-Fact
Issuer symbol: AIN
Transactions as of: 01 Mar 2023
Net transactions value: -$1,302,770
Form type: 4/A - Amendment
Filing time: 08 Mar 2023, 10:52:19 UTC
Date Of Original Report: 02 Mar 2023
Previous filing: 27 Feb 2023
Next filing: 21 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	+32,369	+231%	$0.000000	46,355	01 Mar 2023	Direct	F1
transaction	AIN	Class A Common Stock	Options Exercise	$0	+4,263	+9.2%	$0.000000	50,618	01 Mar 2023	Direct	F2, F3
transaction	AIN	Class A Common Stock	Tax liability	$1,302,770	-12,932	-26%	$100.74	37,686	01 Mar 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	-4,263	-33%	$0.000000	8,528	01 Mar 2023	Class A Common Stock	12,791		Direct	F3, F7, F8
holding	AIN	Restricted Stock Units						4,177	01 Mar 2023	Class A Common Stock	4,177		Direct	F5, F6
holding	AIN	Restricted Stock Units						11,842	01 Mar 2023	Class A Common Stock	11,842		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.