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ALBANY INTERNATIONAL CORP /DE/·4

Mar 3, 2:21 PM ET

Gaug Joseph M 4

4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Albany Intl (AIN) VP General Counsel Joseph Gaug Receives RSUs; Shares Withheld

What Happened
Joseph M. Gaug, VP–General Counsel & Secretary of Albany International (AIN), had multiple Restricted Stock Units (RSUs vest) and received a new RSU grant. On March 1, 2026, 2,689 RSUs vested (breakdown: 717, 905 and 1,067 shares from prior grants) and were converted into shares (reported as derivative conversions at $0). To cover tax withholding, 1,849 shares were surrendered on March 1, 2026 at $57.65 per share for a total withholding value of $106,595. Separately, on February 27, 2026 he was granted 2,155 new RSUs (these vest in future years per the footnotes).

Key Details

  • Dates: Grants recorded 2026-02-27; RSU conversions and tax withholding executed 2026-03-01; Form 4 filed 2026-03-03.
  • Transaction codes: A = Award/Grant (2,155 RSUs on 2/27/26); M = conversion/exercise of derivative (2,689 shares converted to stock on 3/1/26); F = tax withholding/surrender (1,849 shares withheld for taxes on 3/1/26).
  • Withholding: 1,849 shares withheld at $57.65/share = $106,595 to satisfy tax liability.
  • Vesting detail: The 2,689 shares that converted on 3/1/26 come from prior RSU grants with scheduled vesting (717, 905, 1,067). The 2,155 RSUs granted 2/27/26 vest in future years (see footnotes).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing timeliness: Form was filed 2 days after the March 1 transactions (no indication in the filing excerpt of a late filing).

Context

  • These transactions are compensation-related (RSU vesting and a new RSU grant), not open-market purchases or standard sales by choice. The M (conversion) entries at $0 reflect RSUs converting to common shares on vesting — not paying an exercise price. The F entry shows shares were surrendered/withheld to pay taxes (a common, routine practice).
  • For retail investors: compensation-related vesting is common and usually reflects scheduled grant terms rather than a directional insider bet on the stock. The only cash amount reported here is the value of shares withheld for taxes ($106,595).

Insider Transaction Report

Form 4
Period: 2026-02-27
ALBANY INTERNATIONAL CORP /DE/AIN
Gaug Joseph M
VP-General Counsel & Secretary
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+717→ 10,362 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-01+905→ 11,267 total
  • Exercise/Conversion

    Class A Common Stock

    [F3]
    2026-03-01+1,067→ 12,334 total
  • Award

    Class A Common Stock

    [F4]
    2026-02-27+2,155→ 14,489 total
  • Tax Payment

    Class A Common Stock

    [F5]
    2026-03-01$57.65/sh−1,849$106,595→ 12,640 total
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F5][F7]
    2026-03-01−717→ 0 total
    From: 2026-03-01→ Class A Common Stock (717 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F8][F7][F9]
    2026-03-01−905→ 904 total
    From: 2026-03-01→ Class A Common Stock (1,809 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F10][F9][F11]
    2026-03-01−1,067→ 2,134 total
    From: 2026-03-01→ Class A Common Stock (3,201 underlying)
Holdings

  • Class A Common Stock

    9,645

  • Restricted Stock Units

    [F12][F13]
    From: 2027-03-01→ Class A Common Stock (4,579 underlying)
    4,579
Footnotes (13)
  • [F1]Shares distributed pursuant to a vesting of Restricted Stock Units granted February 24, 2023.
  • [F10]Restricted Stock Units granted February 21, 2025 pursuant to the Albany International Corp. 2023 Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
  • [F11]1067 Restricted Stock Units vest on March 1, 2026; 1067 Restricted Stock Units vest on March 1, 2027; and 1067 Restricted Stock Units vest on March 1, 2028.
  • [F12]Restricted Stock Units granted February 27, 2026 pursuant to the Albany International Corp. 2023 Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
  • [F13]1527 Restricted Stock Units vest on March 1, 2027; 1526 Restricted Stock Units vest on March 1, 2028; and 1526 Restricted Stock Units vest on March 1, 2029.
  • [F2]Shares distributed pursuant to a vesting of Restricted Stock Units granted February 23, 2024.
  • [F3]Shares distributed pursuant to a vesting of Restricted Stock Units granted February 21, 2025.
  • [F4]Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2017 Incentive Plan.
  • [F5]Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 1, 2, 3 and 4 above.
  • [F6]Restricted Stock Units granted February 24, 2023 pursuant to the Albany International Corp. 2017 Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
  • [F7]708 Restricted Stock Units vest on March 1, 2024; 717 Restricted Stock Units vest on March 1, 2025; and 717 Restricted Stock Units vest on March 1, 2026.
  • [F8]Restricted Stock Units granted February 23, 2024 pursuant to the Albany International Corp. 2023 Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
  • [F9]905 Restricted Stock Units vest on March 1, 2025; 905 Restricted Stock Units vest on March 1, 2026; and 904 Restricted Stock Units vest on March 1, 2027.
Signature
Cynthia A. SantaBarbara, Attorney-in-Fact|2026-03-03

Documents

2 files
  • 4
    form4.xmlPrimary

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

  • EX-24.1
    exhibit24-1.txt

    POA