Joseph M. Gaug - Feb 20, 2024 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
VP-General Counsel & Secretary
Signature
Cynthia A. SantaBarbara, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Feb 20, 2024
Transactions value $
-$22,975
Form type
4
Date filed
2/21/2024, 01:12 PM
Previous filing
Mar 16, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Options Exercise $0 +575 +17.12% $0.00 3.93K Feb 20, 2024 Direct F1
transaction AIN Class A Common Stock Tax liability -$23K -249 -6.33% $92.27 3.68K Feb 20, 2024 Direct F2

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 -575 -100% $0.00* 0 Feb 20, 2024 Class A Common Stock 575 Direct F7, F8
holding AIN Phantom Stock Units 462 Feb 20, 2024 Class A Common Stock 462 Direct F3, F4
holding AIN Phantom Stock Units 926 Feb 20, 2024 Class A Common Stock 926 Direct F5, F6
holding AIN Restricted Stock Units 1.28K Feb 20, 2024 Class A Common Stock 1.28K Direct F9, F10
holding AIN Restricted Stock Units 2.12K Feb 20, 2024 Class A Common Stock 2.12K Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares distributed pursuant to vesting of Restricted Stock Units granted February 19, 2021.
F2 Shares withheld to satisfy tax liability in connection with the transaction described in footnote 1 above.
F3 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.
F4 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F5 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.
F6 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.