Station Willard C 4

What Happened

• Willard C. Station, Executive Vice President and CFO of Albany International Corp. (AIN), had Restricted Stock Units (RSUs) convert into shares on March 1, 2026. The Form 4 shows an exercise/conversion (code M) for 2,124 shares at $0.00 (i.e., RSU vesting), and a tax-withholding disposal (code F) of 600 shares at $57.65 each, totalling $34,590.
• The filing lists the conversion/vesting entries and the share withholding to satisfy tax obligations. This was a compensatory RSU vesting event (not an open-market purchase or discretionary sale).

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filed within the typical 2-business-day window).
• Vesting/conversion: 2,124 shares issued (exercise/conversion of a derivative instrument; code M) at $0.00.
• Tax withholding: 600 shares withheld (code F) at $57.65 = $34,590.
• Footnotes indicate these shares came from RSUs granted under the Albany International Corp. 2023 Plan (grants and vesting schedules referenced in the filing — e.g., RSUs granted Sept 2, 2025 and other scheduled tranches).
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was a routine RSU vesting and tax-withholding event (not an open-market buy or sell). Code explanations: M = exercise/conversion of derivative (here, RSU conversion to shares); F = shares disposed/withheld to cover tax liabilities.
• Such compensatory vesting events reflect standard executive pay practices and should not by themselves be taken as a directional insider market signal.