Albany International (AIN) SVP Hansen logs stock and phantom unit vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albany International senior vice president and CTO Robert Alan Hansen reported a series of compensation-related transactions involving phantom stock units and restricted stock units tied to Class A common stock. Several blocks of phantom stock units, including 827, 644, 760 and 569 units, automatically vested and were settled in cash, and footnotes clarify that no actual shares were issued or disposed of for those awards.
On the equity side, 377 restricted stock units granted on February 21, 2025 vested into 377 shares of Class A common stock, with 128 shares withheld at a price of $57.65 to cover tax liabilities. Following these transactions, Hansen directly held 8,596 shares of Class A common stock as of February 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,177 shares exercised/converted
Mixed
16 txns
Insider
Hansen Robert Alan
Role
Senior Vice President & CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 827 | $0.00 | -- |
| Exercise | Phantom Stock Units | 644 | $0.00 | -- |
| Exercise | Phantom Stock Units | 760 | $0.00 | -- |
| Exercise | Phantom Stock Units | 569 | $0.00 | -- |
| Exercise | Restricted Stock Units | 377 | $0.00 | -- |
| Exercise | Class A Common Stock | 827 | $0.00 | -- |
| Disposition | Class A Common Stock | 827 | $57.65 | $48K |
| Exercise | Class A Common Stock | 644 | $0.00 | -- |
| Disposition | Class A Common Stock | 644 | $57.65 | $37K |
| Exercise | Class A Common Stock | 760 | $0.00 | -- |
| Disposition | Class A Common Stock | 760 | $57.65 | $44K |
| Exercise | Class A Common Stock | 569 | $0.00 | -- |
| Disposition | Class A Common Stock | 569 | $57.65 | $33K |
| Exercise | Class A Common Stock | 377 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 128 | $57.65 | $7K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 0 shares (Direct);
Restricted Stock Units — 753 shares (Direct);
Class A Common Stock — 827 shares (Direct)
Footnotes (1)
- 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 footnote 6,8, 10 and 12). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares. Shares distributed pursuant to vesting of Restricted Stock Units granted on February 21, 2025. Shares withheld to satisfy the tax liability in connection with the transaction described in footnotes 2 above. Phantom Stock Units granted on February 24, 2022 pursuant to the Phantom Stock 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. 827 Phantom Stock Units will be settled and payable each year on or about March 1, 2022, 2023, 2024, 2025 and 2026. Phantom Stock Units granted on February 23, 2023 pursuant to the Phantom Stock 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. 644 Phantom Stock Units will be settled and payable each year on or about March 1, 2023, 2024, 2025, 2026 and 2027. Phantom Stock Units granted on February 22, 2024 pursuant to the Phantom Stock 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. 761 Phantom Stock Units will be settled and payable each year on or about March 1, 2024; 760 on or about March 1, 2025; and 760 on or about March 1, 2026. Phantom Stock Units granted on February 21, 2025 pursuant to the Phantom Stock 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. 570 Phantom Stock Units will be settled and payable each year on or about March 1, 2025; 569 on or about March 1, 2026; and 569 on or about March 1, 2027. 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. 377 Restricted Stock Units vest on March 1, 2026; 377 Restricted Stock Units vest on March 1, 2027; and 377 Restricted Stock Units vest on March 1, 2028.
FAQ
What did Albany International (AIN) executive Robert Hansen report in this Form 4?
Robert Hansen reported vesting and settlement of phantom stock units and restricted stock units. Most phantom units were cash-settled with no shares issued, while 377 restricted stock units converted into Class A common shares with some withheld for taxes.
What are Albany International (AIN) phantom stock units in Robert Hansen’s Form 4?
The phantom stock units are cash-based awards granted under a Phantom Stock Plan. Each unit entitles the holder to receive the cash equivalent of one Class A common share at vesting, rather than actual stock, as described explicitly in the filing footnotes.
Over what period are Robert Hansen’s Albany (AIN) phantom units scheduled to settle?
Phantom units are scheduled to settle annually around March 1 in various tranches. Footnotes describe settlement schedules for blocks of 827, 644, 761/760, and 570/569 units, with payments spanning years including 2025, 2026 and 2027, depending on each grant’s terms.