Jarrault Olivier M 4
4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Jan 21, 2020
Insider Transaction Report
Form 4
Jarrault Olivier M
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Class A Common Stock
2020-01-21$77.43/sh−8,017$620,756→ 0 total - Exercise/Conversion
Restricted Stock Units
2020-01-21−8,017→ 0 total→ Class A Common Stock (16,034 underlying) - Exercise/Conversion
Class A Common Stock
2020-01-21+8,017→ 8,017 total
Footnotes (5)
- [F1]Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such Units (see footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- [F2]Restricted Stock Units granted March 1, 2018 pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock as the time of vesting.
- [F3]Pursuant to the 2003 Restricted Stock Unit Plan, 8017 RSUs vested upon the reporting person's January 21, 2020 departure from the Company.
- [F4]Includes dividend units accrued on Restricted Stock Units on April 5, 2019; July 8, 2019; October 7, 2019; and January 8, 2020.
- [F5]In addition to the vesting of 8017 RSUs, reflects the forfeiture of 8017 RSUs pursuant to the 2003 Restricted Stock Unit Plan, upon the reporting person's January 21, 2020 departure from the Company.