X0306 4 2020-02-13 0000060977 LYDALL INC /DE/ LDL 0001667388 Marold Paul A C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 0 1 0 0 President, Lydall PM Common STock 2020-02-13 4 A 0 7490 0 A 31582 D Option to Buy 21.70 2020-02-13 4 A 0 20470 0 A 2021-02-13 2030-02-13 Common Stock 20470 90320 D Represents an award of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which award is subject to a 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. 1,950 Performance Shares owned by the Reporting Person were forfeited on February 13, 2020 upon certification by the Compensation Committee of the Board of Directors that the relevant financial performance criteria was not achieved. Stock Options granted under the Lydall, Inc. 2012 Stock Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from the initial grant date. Chad A. McDaniel attorney-in-fact for Paul A Marold 2020-02-17