Purdum Suzanne K 4

What Happened

• Suzanne K. Purdum, CHRO of Albany International Corp. (AIN), had a total of 2,495 shares delivered to her on March 1, 2026 as restricted stock units (RSUs) vested. The Form 4 reports these as "exercise/conversion of derivative (M)" with $0 exercise price because they are RSU distributions rather than purchases.
• To satisfy withholding/tax obligations, 716 of those shares were withheld/disposed at an indicated per-share value of $57.65 for a total tax withholding of $41,277, leaving a net of 1,779 shares retained by Purdum.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely).
• Reported entries show acquisitions of 170, 1,438 and 887 shares (total 2,495) and a disposition/withholding of 716 shares at $57.65 each (total $41,277).
• Price shown for the acquisitions is $0.00 because these are RSU vesting conversions, not cash purchases.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable footnotes: distributions reflect vesting of RSUs from multiple grants (including grants dated Nov 1, 2024; Feb 21, 2025; and a new grant on Feb 27, 2026). Footnote F4 confirms shares were withheld to satisfy tax liabilities.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld/disposed to cover taxes.

Context

• This was not a market purchase or sale of shares for investment purposes but the routine vesting and conversion of RSUs into common stock, with a portion withheld to pay taxes (a common administrative step).
• Such vesting transactions are typical compensation events and do not by themselves signal insider buying or selling intent.