Hansen Robert Alan 4

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).