ALBANY INTERNATIONAL CORP /DE/ 10-K

Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES We have Class A Common Stock with a par value of $0.001. Our Class A Common Stock is principally traded on the New York Stock Exchange under the ticker symbol AIN. According to Broadridge, as of December 31, 2023, there were over 50,000 beneficial owners of our Class A Common Stock, including employees owning shares through our 401(k) defined contribution plan. Dividends are paid on our Class A Common Stock. Our cash dividends, and the high and low prices per share of our Class A Common Stock, were as follows for the periods presented: Quarter Ended March 31 June 30 September 30 December 31 2023 Cash dividends per share $ 0.25 $ 0.25 $ 0.25 $ 0.26 Class A Common Stock prices: High $ 113.72 $ 93.28 $ 96.89 $ 98.96 Low $ 85.28 $ 84.92 $ 83.53 $ 78.48 2022 Cash dividends per share $ 0.21 $ 0.21 $ 0.21 $ 0.25 Class A Common Stock prices: High $ 91.25 $ 87.91 $ 97.20 $ 104.34 Low $ 80.84 $ 75.94 $ 77.50 $ 81.62 31 Index The graph below compares the cumulative 5-Year total return of holders of Albany International Corp.’s common stock with the cumulative total returns of the Russell 2000 index and a customized peer group of nineteen companies included in the customized peer group which are: Astronics Corp, Idex Corp, Barnes Group Inc, Enpro Inc, Tredegar Corp, Ducommun Inc, Curtiss-Wright Corp, Watts Water Technologies Inc, Hexcel Corp, Nordson Corp, Glatfelter Corp, Heico Corp, Esco Technologies Inc, Enerpac Tool Group Corp, Rogers Corp, Trimas Corp, Kadant Inc, National Presto Industries Inc, and Mativ Holdings Inc. The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on December 31, 2018 and tracks it through December 31, 2023. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* *$100 invested on 12/31/18 in stock or index, including reinvestment of dividends. Copyright© 2024 Russell Investment Group. All rights reserved. Fiscal year ending December 31. December 31, 2018 2019 2020 2021 2022 2023 Albany International Corp. 100.00 122.79 120.44 146.48 164.88 166.07 Russell 2000 100.00 125.52 150.58 172.90 137.56 160.85 Peer Group 100.00 136.04 145.75 173.93 164.96 190.56 The stock price performance included in this graph is not necessarily indicative of future stock price performance. Restrictions on dividends and other distributions are described in Note 17, Financial Instruments of the Notes to the Consolidated Financial Statements, in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. Disclosures of securities authorized for issuance under equity compensation plans are included under Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, of this Annual Report on Form 10-K. 32 Index In 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure. In total, the Company has repurchased 1,308,003 shares for a total cost of $109.4M, of which 1,022,717 shares were repurchased in 2022 for $85.1 million and 285,286 shares were repurchased in 2021 for $24.3 million. The Company made no share repurchases during 2023. Issuer Purchases of Equity Securities during the three months ended December 31, 2023 Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced program Approx. dollar value of shares that may yet be purchased under the program (in thousands) October 1 to October 31, 2023 — — — 90,561 November 1 to November 30, 2023 — — — 90,561 December 1 to December 31, 2023 — — — 90,561 Total — — 90,561 Item 6. [RESERVED]