Sec Form 4 Filing - Harwell Gregory N @ ALBANY INTERNATIONAL CORP /DE/ - 2024-08-07

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Harwell Gregory N
2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [ AIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President- AEC
(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
08/07/2024
(Street)
ROCHESTER, NH03867
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/16/2024 A 8,292 ( 1 ) A $ 0 20,980 D
Class A Common Stock 08/16/2024 M 789 ( 2 ) A $ 0 21,769 D
Class A Common Stock 08/16/2024 M 1,353 ( 3 ) A $ 0 23,122 D
Class A Common Stock 08/16/2024 M 2,174 ( 4 ) A $ 0 25,296 D
Class A Common Stockk 08/16/2024 F 4,420 ( 5 ) D $ 87.4 20,876 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Deriv ative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 6 ) ( 6 ) 08/16/2024 M 1,235 03/01/2023( 6 )( 7 ) ( 6 )( 7 ) Class A Common Stock 1,235 $ 0 ( 6 ) 0 D
Restricted Stock Units ( 8 ) ( 8 ) 08/16/2024 M 2,364 03/01/2024( 8 )( 9 ) ( 8 )( 9 ) Class A Common Stock 2,364 $ 0 ( 8 ) 0 D
Restricted Stock Units ( 10 ) ( 10 ) 08/16/2024 M 4,007 03/01/2025( 10 )( 11 ) ( 10 )( 11 ) Class A Common Stock 4,007 $ 0 ( 10 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Harwell Gregory N
C/O ALBANY INTERNATIONAL CORP.
216 AIRPORT DRIVE
ROCHESTER, NH03867
President- AEC
Signatures
Cynthia A. SantaBarbara, Attorney-in-Fact 08/16/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares distributed pursuant to a Special Incentive Award Agreement, made under the Albany International Corp. 2023 Incentive Plan, upon the reporting person's departure from the Company. In addition, 8,292 shares were forfeited.
( 2 )Shares distributed pursuant to vesting of Restricted Stock units granted February 25, 2022.
( 3 )Shares distributed pursuant to vesting of Restricted Stock Units granted February 23, 2023.
( 4 )Shares distributed pursuant to vesting of Restricted Stock Units granted February 23, 2024.
( 5 )Shares withheld to satisfy the tax liability in connection with the transactions described in footnotes 1, 2, 3 and 4 above.
( 6 )Restricted Stock Units granted February 25, 2022 pursuant to the Albany International Corp. 2017 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
( 7 )789 Restricted Stock Units vested, and 447 were forfeited, upon the reporting person's departure from the Company.
( 8 )Restricted Stock Units granted February 24, 2023 pursuant to the Albany International Corp. 2017 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
( 9 )1,353 Restricted Stock Units vested, and 1,011 were forfeited, upon the reporting person's departure from the Company.
( 10 )Restricted Stock Units granted February 24, 2023 pursuant to the Albany International Corp. 2017 Incentive Plan. Each Restricted Stock Unit entitles the holder to receive one share of Class A Common Stock at the time of vesting.
( 11 )2,174 Restricted Stock Units vested, and 1,833 were forfeited, upon the reporting person's departure from the Company.

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