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ALBANY INTERNATIONAL CORP /DE/·4

Mar 3, 2:22 PM ET

Hansen Robert Alan 4

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

Research Summary

AI-generated summary of this filing

Updated

Albany International (AIN) SVP & CTO Robert Hansen Sells/Cashes Out Awards

What Happened

  • Robert A. Hansen, Senior Vice President & Chief Technology Officer of Albany International (AIN), had multiple equity awards vest and be cash-settled or converted on March 1, 2026. Phantom stock units from prior grants were cash-settled (no shares issued) and restricted stock units (RSUs) vested with some shares withheld for taxes.
  • The filing shows cash dispositions at $57.65 per share-equivalent: proceeds of $47,677 (827 units), $37,127 (644 units), $43,814 (760 units) and $32,803 (569 units), plus $7,379 (128 shares withheld for taxes). Total cash impact ≈ $168,800; $7,379 withheld to satisfy tax withholding related to RSU vesting.

Key Details

  • Transaction date: March 1, 2026; transaction reported on Form 4 filed March 3, 2026 (timely within the 2‑business‑day rule).
  • Price used for settlement: $57.65 per share-equivalent for the cash settlements and tax withholding.
  • Units involved: phantom stock units from grants in 2022, 2023 and 2024 (counts shown: 827, 644, 760, 569) and 377 Restricted Stock Units that vested March 1, 2026.
  • Tax withholding: 128 shares withheld (value $7,379) to cover taxes on RSU vesting.
  • Shares owned after transaction: the filing does not state a consolidated post-transaction share total for Hansen.
  • Notable footnotes:
    • F1/F4–F9/F10–F13: Many awards are Phantom Stock Units (cash-equivalent on vesting) and RSUs from prior grants; phantom units were cash-settled (no actual shares issued to the reporting person).
    • F2/F3: RSUs distributed on vesting and shares withheld for tax.

Context

  • These were not open‑market sales but routine vesting/cash settlements: phantom stock units were converted to cash and RSUs vested (with partial share withholding for taxes). In other words, this is administrative cash‑settlement and tax withholding, not an active share sale by the insider on the open market.
  • Transaction codes: M = exercise/conversion of derivative (vest/convert), D = disposition to issuer (cash settlement), F = payment of tax liability (shares withheld).

Insider Transaction Report

Form 4
Period: 2026-02-27
ALBANY INTERNATIONAL CORP /DE/AIN
Hansen Robert Alan
Senior Vice President & CTO
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+827→ 827 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−827$47,677→ 0 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+644→ 644 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−644$37,127→ 0 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+760→ 760 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−760$43,814→ 0 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+569→ 569 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−569$32,803→ 0 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-01+377→ 8,724 total
  • Tax Payment

    Class A Common Stock

    [F3]
    2026-03-01$57.65/sh−128$7,379→ 8,596 total
  • Exercise/Conversion

    Phantom Stock Units

    [F4][F5]
    2026-03-01−827→ 0 total
    From: 2022-03-01→ Class A Common Stock (827 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F6][F7]
    2026-03-01−644→ 644 total
    From: 2023-03-01→ Class A Common Stock (1,288 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F8][F9]
    2026-03-01−760→ 0 total
    From: 2024-03-01→ Class A Common Stock (760 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F10][F11]
    2026-03-01−569→ 569 total
    From: 2025-03-01→ Class A Common Stock (1,138 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F12][F13]
    2026-03-01−377→ 753 total
    From: 2026-03-01→ Class A Common Stock (1,130 underlying)
Holdings

  • Class A Common Stock

    8,387
Footnotes (13)
  • [F1]Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such Units (see footnote 6,8, 10 and 12). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
  • [F10]Phantom Stock Units granted on February 21, 2025 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
  • [F11]570 Phantom Stock Units will be settled and payable each year on or about March 1, 2025; 569 on or about March 1, 2026; and 569 on or about March 1, 2027.
  • [F12]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.
  • [F13]377 Restricted Stock Units vest on March 1, 2026; 377 Restricted Stock Units vest on March 1, 2027; and 377 Restricted Stock Units vest on March 1, 2028.
  • [F2]Shares distributed pursuant to vesting of Restricted Stock Units granted on February 21, 2025.
  • [F3]Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 2 above.
  • [F4]Phantom Stock Units granted on February 24, 2022 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
  • [F5]827 Phantom Stock Units will be settled and payable each year on or about March 1, 2022, 2023, 2024, 2025 and 2026.
  • [F6]Phantom Stock Units granted on February 23, 2023 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
  • [F7]644 Phantom Stock Units will be settled and payable each year on or about March 1, 2023, 2024, 2025, 2026 and 2027.
  • [F8]Phantom Stock Units granted on February 22, 2024 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
  • [F9]761 Phantom Stock Units will be settled and payable each year on or about March 1, 2024; 760 on or about March 1, 2025; and 760 on or about March 1, 2026.
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
    exhibit24.txt

    POA