Valashinas Sean C 4

What Happened

• Sean C. Valashinas, Chief Accounting Officer of Albany International (AIN), had 1,321 restricted stock units (RSUs) vest on June 9, 2026 and converted them into 1,321 shares (derivative conversion, code M; exercise price $0). To cover tax withholding, 315 of those shares were disposed (code F) at $69.52 per share for a total value of $21,899. Net shares retained from this vesting event: 1,006.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 10, 2026 (timely).
• Conversion/vesting: 1,321 RSU → 1,321 shares (exercise/conversion, code M; $0 exercise price).
• Tax withholding/sale: 315 shares withheld/disposed at $69.52 each for $21,899 (code F).
• Net shares received: 1,006 (1,321 vested − 315 withheld).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: RSUs were granted June 9, 2025 under the Albany International Corp. 2023 Plan; each RSU converts 1-for-1 to a share at vesting. Footnotes indicate additional scheduled vesting (660 RSUs on June 9, 2027 and 660 on June 9, 2028). Shares withheld were to satisfy tax liabilities associated with the vesting.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld/sold to cover tax withholding.

Context

• This was primarily a compensation vesting event (receipt of shares), not an open-market purchase or discretionary sale. The withholding of 315 shares to satisfy taxes is a routine, administrative step seen commonly with RSU vesting (a cashless tax-withholding mechanism).
• No 10b5-1 plan or unusual trading condition is indicated in the provided notes, and the Form 4 was filed the day after the transaction.