Kleveland Gunnar 4
4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Albany Intl (AIN) CEO Gunnar Kleveland Receives RSUs, Sells 7,534
What Happened Gunnar Kleveland, President & CEO and a director of Albany International (AIN), received multiple restricted stock unit (RSU) distributions that converted into shares and was granted a new RSU award. On March 1, 2026, a total of 18,113 shares vested/converted from prior RSU grants (2,500 + 6,786 + 3,377 + 5,450). A separate grant of 7,545 RSUs was recorded on February 27, 2026. To satisfy the tax withholding obligation connected with the vested RSUs, 7,534 shares were withheld/disposed at $57.65 per share, generating approximately $434,335. Acquisitions were recorded at $0 per share because they represent RSU distributions, not cash purchases.
Key Details
- Transaction dates: RSU grant on 2026-02-27; RSU vesting/conversion and tax withholding on 2026-03-01 (period of report 2026-02-27).
- Sale/withholding: 7,534 shares disposed at $57.65 = $434,335 (code F — payment of exercise price/tax liability).
- RSU conversions/acquisitions: 2,500; 6,786; 3,377; 5,450 shares on 2026-03-01 (acquired at $0 as vested RSUs) and a 7,545-share grant on 2026-02-27.
- Footnotes: F6 confirms shares were withheld to satisfy tax liability; other footnotes (F1–F16) describe grant dates and multi-year vesting schedules for the RSUs.
- Shares owned after the reported transactions: not disclosed in the filing.
- Filing timeliness: filing does not indicate a late report.
Context These transactions are primarily RSU vesting and an RSU grant, not open-market purchases. The withholding/disposition of 7,534 shares to cover taxes is a routine, cashless-type action common when equity awards vest and does not necessarily signal a view on the company’s stock. RSUs convert to one share per unit at vesting (per the footnotes), and the F (tax withholding) code explains the reduced net share delivery.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-01+2,500→ 22,395 total - Exercise/Conversion
Class A Common Stock
[F2]2026-03-01+6,786→ 29,181 total - Exercise/Conversion
Class A Common Stock
[F3]2026-03-01+3,377→ 32,558 total - Exercise/Conversion
Class A Common Stock
[F4]2026-03-01+5,450→ 38,008 total - Award
Class A Common Stock
[F5]2026-02-27+7,545→ 45,553 total - Tax Payment
Class A Common Stock
[F6]2026-03-01$57.65/sh−7,534$434,335→ 38,019 total - Exercise/Conversion
Restricted Stock Units
[F7][F8]2026-03-01+2,500→ 0 totalFrom: 2026-03-01→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F10]2026-03-01+6,786→ 6,786 totalFrom: 2026-03-01→ Class A Common Stock (6,786 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F12]2026-03-01+3,377→ 3,377 totalFrom: 2025-03-01→ Class A Common Stock (6,754 underlying) - Exercise/Conversion
Restricted Stock Units
[F13][F14]2026-03-01+5,450→ 10,899 totalFrom: 2026-03-01→ Class A Common Stock (16,349 underlying)
- 19,895
Class A Common Stock
- 34,692
Restricted Stock Units
[F15][F16]From: 2027-03-01→ Class A Common Stock (34,692 underlying)
Footnotes (16)
- [F1]Shares distributed pursuant to vesting of Restricted Stock units granted on September 1, 2023.
- [F10]6786 Restricted Stock Units vest on March 1, 2024; 6786 Restricted Stock Units vest on March 1, 2025; and 6786 Restricted Stock Units vest on March 1, 2026.
- [F11]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.
- [F12]3377 Restricted Stock Units vest on March 1, 2025; 3377 Restricted Stock Units vest on March 1, 2026; and 3377 Restricted Stock Units vest on March 1, 2027.
- [F13]Restricted Stock Units granted February 21, 2025 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.
- [F14]5450 Restricted Stock Units vest on March 1, 2026; 5450 Restricted Stock Units vest on March 1, 2027; and 5449 Restricted Stock Units vest on March 1, 2028.
- [F15]Restricted Stock Units granted February 27, 2026 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.
- [F16]11,564 Restricted Stock Units vest on March 1, 2027; 11,564 Restricted Stock Units vest on March 1, 2028; and 11,564 Restricted Stock Units vest on March 1, 2029.
- [F2]Shares distributed pursuant to vesting of Restricted Stock units granted on September 1, 2023.
- [F3]Shares distributed pursuant to vesting of Restricted Stock units granted on February 23, 2024.
- [F4]Shares distributed pursuant to vesting of Restricted Stock units granted on February 21, 2025.
- [F5]Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2017 Incentive Plan.
- [F6]Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1, 2, 3, 4 and 5 above.
- [F7]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.
- [F8]2500 Restricted Stock Units vest on March 1, 2024; 2500 Restricted Stock Units vest on March 1, 2025; and 2500 Restricted Stock Units vest on March 1, 2026.
- [F9]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.