John J. Tedone - Mar 1, 2024 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
VP - Controller & CAO
Signature
Cynthia A. SantaBarbara, Attorney in Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2024
Transactions value $
-$48,998
Form type
4
Date filed
3/1/2024, 09:27 AM
Previous 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 +546 $0.00 546 Mar 1, 2024 Direct F1
transaction AIN Class A Common Stock Disposed to Issuer -$49K -546 -100% $89.74 0 Mar 1, 2024 Direct F1

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 -546 -33.35% $0.00 1.09K Mar 1, 2024 Class A Common Stock 1.64K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F2 Phantom Stock Units granted on February 22, 2024 pursuant to the Phantom Stock 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 546 Phantom Stock Units will be settled and payable on or about March 1, 2024; 546 on or about March 1, 2025; 545 on or about March 1, 2026.