Joseph M. Gaug - Mar 15, 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 15, 2023
Transactions value $
-$109,431
Form type
4
Date filed
3/16/2023, 09:45 AM
Previous filing
Mar 3, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$109K -1.14K -100% $96.33 0 Mar 15, 2023 By 401(k) F1
holding AIN Class A Common Stock 3.36K Mar 15, 2023 Direct

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
holding AIN Phantom Stock Units 462 Mar 15, 2023 Class A Common Stock 462 Direct F2, F3
holding AIN Phantom Stock Units 926 Mar 15, 2023 Class A Common Stock 926 Direct F4, F5
holding AIN Restricted Stock Units 575 Mar 15, 2023 Class A Common Stock 575 Direct F6, F7
holding AIN Restricted Stock Units 1.28K Mar 15, 2023 Class A Common Stock 1.28K Direct F8, F9
holding AIN Restricted Stock Units 2.12K Mar 15, 2023 Class A Common Stock 2.12K Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Involuntary, mandatory exchange initiated by 401(k) plan recordkeeper due to closure of Albany Stock Fund to all 401(k) plan participants.
F2 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.
F3 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F4 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.
F5 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.