Kleveland Gunnar 4

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.