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ALBANY INTERNATIONAL CORP /DE/·4

Mar 3, 2:21 PM ET

Gaug Joseph M 4

Research Summary

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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).

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