Joseph M. Gaug - Mar 1, 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
Mar 1, 2024
Transactions value $
-$284,224
Form type
4
Date filed
3/4/2024, 03:46 PM
Previous filing
Feb 26, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIN Class A Common Stock Award $0 +2.92K +79.32% $0.00 6.61K Mar 1, 2024 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +641 +9.7% $0.00 7.25K Mar 1, 2024 Direct F2
transaction AIN Class A Common Stock Options Exercise $0 +708 +9.77% $0.00 7.96K Mar 1, 2024 Direct F3
transaction AIN Class A Common Stock Tax liability -$201K -2.14K -26.95% $93.85 5.81K Mar 1, 2024 Direct F4
transaction AIN Class A Common Stock Options Exercise $0 +462 $0.00 462 Mar 1, 2024 Direct F5
transaction AIN Class A Common Stock Disposed to Issuer -$41.5K -462 -100% $89.74 0 Mar 1, 2024 Direct F5
transaction AIN Class A Common Stock Options Exercise $0 +463 $0.00 463 Mar 1, 2024 Direct F5
transaction AIN Class A Common Stock Disposed to Issuer -$41.5K -463 -100% $89.74 0 Mar 1, 2024 Direct F5

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 -462 -100% $0.00* 0 Mar 1, 2024 Class A Common Stock 462 Direct F6, F7
transaction AIN Phantom Stock Units Options Exercise $0 -463 -50% $0.00 463 Mar 1, 2024 Class A Common Stock 926 Direct F8, F9
transaction AIN Restricted Stock Units Options Exercise $0 -641 -50% $0.00 641 Mar 1, 2024 Class A Common Stock 1.28K Direct F10, F11
transaction AIN Restricted Stock Units Options Exercise $0 -708 -33.36% $0.00 1.41K Mar 1, 2024 Class A Common Stock 2.12K Direct F12, F13
holding AIN Restricted Stock Units 2.71K Mar 1, 2024 Class A Common Stock 2.71K Direct F14, F15
* 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 distributed pursuant to vesting of Restricted Stock units granted February 24, 2023.
F4 Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1, 2 and 3 above.
F5 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 6 and 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F6 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.
F7 461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
F8 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.
F9 463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.
F10 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.
F11 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.
F12 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.
F13 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.
F14 Restricted Stock Units granted February 23, 2024 pursuant to the Albany International Corp. 2023 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
F15 905 Restricted Stock Units vest on March 1, 2025; 905 Restricted Stock Units vest on March 1, 2026; and 904 Restricted Stock Units vest on March 1, 2027.