X0306 4 2019-11-20 0000060977 LYDALL INC /DE/ LDL 0001626567 Greenstein Sara A. C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 1 1 0 0 President and CEO Common Stock 2019-11-20 4 A 0 51020 0 A 51020 D Common Stock 2019-11-20 4 A 0 56391 0 A 107411 D Option to Buy 18.62 2019-11-20 4 A 0 110620 0 A 2020-11-20 2029-11-19 Common Stock 110620 110620 D Represents an award of Performance Shares granted under that certain Inducement Performance Share Award Agreement, dated November 20, 2019 pursuant to the inducement grant exception under NYSE Listing Company Manual Rule 303A.08 ("Rule 303A.08") 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 that certain Inducement Restricted Share Award Agreement, dated November 20, 2019 pursuant to Rule 303A.08, consisting of 56,391shares, which vest in three equal installments commencing on the first anniversity of the Grant Date. Stock options granted under that certain Inducement Nonqualified Stock Option Award Agreement, dated November 20, 2019 pursuant to Rule 303A.08. Options become exercisable at the rate of one-third per year, beginning one year from initial grant date. Chad A. McDaniel attorney-in-fact for Sara A. Greenstein 2019-11-22