Gunnar Kleveland - Mar 1, 2024 Form 4 Insider Report for ALBANY INTERNATIONAL CORP /DE/ (AIN)

Role
President and CEO, Director
Signature
Cynthia A. SantaBarbara, Attorney-in-Fact
Stock symbol
AIN
Transactions as of
Mar 1, 2024
Transactions value $
-$342,740
Form type
4
Date filed
3/4/2024, 03:41 PM
Previous filing
Feb 26, 2024
Next filing
May 6, 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 +2.5K $0.00 2.5K Mar 1, 2024 Direct F1
transaction AIN Class A Common Stock Options Exercise $0 +6.79K +271.44% $0.00 9.29K Mar 1, 2024 Direct F2
transaction AIN Class A Common Stock Tax liability -$343K -3.65K -39.33% $93.85 5.63K Mar 1, 2024 Direct F3

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 -2.5K -33.33% $0.00 5K Mar 1, 2024 Class A Common Stock 7.5K Direct F4, F5
transaction AIN Restricted Stock Units Options Exercise $0 -6.79K -33.33% $0.00 13.6K Mar 1, 2024 Class A Common Stock 20.4K Direct F6, F7
holding AIN Restricted Stock Units 10.1K Mar 1, 2024 Class A Common Stock 10.1K Direct F8, F9
* 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 September 1, 2023.
F2 Shares distributed pursuant to vesting of Restricted Stock units granted September 1, 2023.
F3 Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1 and 2 above.
F4 Restricted Stock Units granted September 1, 2023 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.
F5 2500 Restricted Stock Units vest on March 1, 2024; 2500 Restricted Stock Units vest on March 1, 2025; 2500 Restricted Stock Units vest on March 1, 2026/
F6 Restricted Stock Units granted September 1, 2023 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.
F7 6786 Restricted Stock Units vest on March 1, 2024; 6786 Restricted Stock Units vest on March 1, 2025; 6786 Restricted Stock Units vest on March 1, 2026.
F8 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.
F9 3377 Restricted Stock Units vest on March 1, 2025; 3377 Restricted Stock Units vest on March 1, 2026; 3377 Restricted Stock Units vest on March 1, 2027.