X0306 4 2020-04-24 0000060977 LYDALL INC /DE/ LDL 0001810169 Diwanji Ashish P. C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 0 1 0 0 SVP, Innovation & CTO Common Stock 2020-04-24 4 A 0 17260 0 A 17260 D Common Stock 2020-04-24 4 A 0 11510 0 A 28770 D Option to Buy 8.69 2020-04-24 4 A 0 40871 0 A 2021-04-24 2030-04-24 Common Stock 40871 40871 D Represents an award of Performance Shares granted under the Lydall, Inc. Amended and Restated 2012 Stock Incentive Plan, which award is subject to substantial risk of forfeiture and vests, if at all, to the extent determined upon certification by the Compensation Committee of the Board of Directors of the Company, that the Company has achieved certain specified financial performance criteria during the three-year-period, January 1, 2020 through December 31, 2022. Restricted stock award granted under the Lydall, Inc. Amended and Restated 2012 Stock Incentive Plan, consisting of 11,510 shares, which shall vest in two equal installments on the second and third anniversaries of the Grant Date. Stock options granted under the Lydall, Inc. Amended and Restated 2012 Stock Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. Chad A. McDaniel attorney-in-fact for Ashish P. Diwanji 2020-04-28