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ALBANY INTERNATIONAL CORP /DE/·4

Mar 3, 2:30 PM ET

Stein Merle A 4

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

Research Summary

AI-generated summary of this filing

Updated

Albany International (AIN) President Merle A. Stein Sells Shares (Cash‑Settled Awards)

What Happened

  • Merle A. Stein, President, reported automatic vesting/cash settlement of multiple Phantom Stock Units and Restricted Stock Units on March 1, 2026. The filing shows deemed acquisitions (conversion of derivatives) followed by dispositions to the issuer at $57.65 per share. Key disposals/withholdings: 360 shares ($20,754), 302 shares ($17,410), 651 shares ($37,530), 521 shares ($30,036) and 656 shares withheld for taxes ($37,818) — totaling about 2,490 shares and ~$143,548.
  • Footnotes clarify these were cash settlements of phantom units and vesting of RSUs; no open‑market sale occurred and no physical shares were actually issued or sold by the reporting person (the transactions are deemed acquisitions/dispositions for accounting/tax withholding).

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely). Transaction price used for settlement/withholding: $57.65 per share.
  • Aggregate reported proceeds/withheld value: ≈ $143,548 across the listed withholdings/dispositions. Individual line items: 360 @ $57.65 = $20,754; 302 @ $57.65 = $17,410; 651 @ $57.65 = $37,530; 521 @ $57.65 = $30,036; 656 @ $57.65 = $37,818.
  • Shares owned after transaction: not disclosed in the provided excerpt of the filing.
  • Notable footnotes: F1 explains deemed acquisition/disposition upon automatic vesting and cash settlement of Phantom Stock Units — no actual shares issued or sold; other notes (F10–F18, F5–F9, F13–F17) detail the original grants and scheduled vesting for the phantom units and RSUs. F4/F11–F16 reference tax withholding and grant plans.
  • Transaction codes: M = conversion/exercise of derivative (phantom/RSU vesting), D = disposition to issuer (cash settlement/withholding), F = payment of tax liability (shares withheld).

Context

  • These transactions are not open‑market purchases or voluntary insider sales: they reflect automatic vesting and cash settlement of company awards (phantom stock and restricted stock units) and withholding to satisfy taxes. For retail investors, that means this filing documents routine compensation settlements rather than a CEO-initiated market sale or purchase that would signal a trading opinion.

Insider Transaction Report

Form 4
Period: 2026-02-27
ALBANY INTERNATIONAL CORP /DE/AIN
Stein Merle A
President MC
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+360→ 360 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−360$20,754→ 360 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+302→ 302 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−302$17,410→ 302 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+651→ 651 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−651$37,530→ 651 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-03-01+522→ 522 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-01$57.65/sh−521$30,036→ 521 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-01+779→ 1,288 total
  • Exercise/Conversion

    Class A Common Stock

    [F3]
    2026-03-01+1,127→ 2,415 total
  • Tax Payment

    Class A Common Stock

    [F4]
    2026-03-01$57.65/sh−656$37,818→ 1,759 total
  • Exercise/Conversion

    Phantom Stock Units

    [F5][F6]
    2026-03-01−360→ 0 total
    From: 2022-03-01→ Class A Common Stock (360 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F7][F8]
    2026-03-01−302→ 302 total
    From: 2023-03-01→ Class A Common Stock (604 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F9][F10]
    2026-03-01−651→ 0 total
    From: 2024-03-01→ Class A Common Stock (651 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F11][F12]
    2026-03-01−521→ 521 total
    From: 2025-03-01→ Class A Common Stock (1,042 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F13][F14]
    2026-03-01+779→ 778 total
    From: 2025-03-01→ Class A Common Stock (1,557 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F15][F16]
    2026-03-01+1,127→ 2,252 total
    From: 2026-03-01→ Class A Common Stock (3,379 underlying)
Holdings

  • Class A Common Stock

    509

  • Restricted Stock Units

    [F17][F18]
    From: 2027-03-01→ Class A Common Stock (4,996 underlying)
    4,996
Footnotes (18)
  • [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 footnotes 4, 6, 8 and 10). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
  • [F10]652 Phantom Stock Units will be settled and payable on or about March 1, 2024; 652 on or about March 1, 2025; and 651 on or about March 1, 2026.
  • [F11]Phantom Stock Units granted on February 21, 2025 pursuant to the Phantom Stock Unit 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.
  • [F12]522 Phantom Stock Units will be settled and payable on or about March 1, 2025; 521 on or about March 1, 2025; and 521 on or about March 1, 2026.
  • [F13]Restricted Stock Units granted September 1, 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.
  • [F14]779 Restricted Stock Units vest on March 1, 2025; 779 Restricted Stock Units vest on March 1, 2026; and 778 Restricted Stock Units vest on March 1, 2027.
  • [F15]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.
  • [F16]1127 Restricted Stock Units vest on March 1, 2026; 1126 Restricted Stock Units vest on March 1, 2027; and 1126 Restricted Stock Units vest on March 1, 2028.
  • [F17]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.
  • [F18]1666 Restricted Stock Units vest on March 1, 2027; 1665 Restricted Stock Units vest on March 1, 2028; and 1665 Restricted Stock Units vest on March 1, 2029.
  • [F2]Shares distributed pursuant to vesting of Restricted Stock Units granted on September 1, 2024.
  • [F3]Shares distributed pursuant to vesting of Restricted Stock Units granted on February 21, 2025.
  • [F4]Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 2 and 3 above.
  • [F5]Phantom Stock Units granted on February 25, 2022 pursuant to the Phantom Stock Unit 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.
  • [F6]360 Phantom Stock Units will be payable each year on or about March 1, 2022; 360 on March 1, 2023; 360 on March 1, 2024; 360 on March 1, 2025; and 360 on March 1, 2026.
  • [F7]Phantom Stock Units granted on February 24, 2023 pursuant to the Phantom Stock Unit 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.
  • [F8]302 Phantom Stock Units will be payable on or about March 1, 2023; 302 on March 1, 2024; 302 on March 1, 2025; 302 on March 1, 2026; and 360 on March 1, 2027.
  • [F9]Phantom Stock Units granted on February 23, 2024 pursuant to the Phantom Stock Unit 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.
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