Abbruzzi Joseph A. 4
4 · LYDALL INC /DE/ · Filed Feb 18, 2020
Insider Transaction Report
Form 4
Abbruzzi Joseph A.
Pres., Industrial Filtration
Transactions
- Award
Option to Buy
2020-02-13+20,470→ 79,395 totalExercise: $21.70From: 2021-02-13Exp: 2030-02-13→ Common Stock (20,470 underlying) - Award
Common Stock
2020-02-13+7,490→ 58,980 total
Footnotes (3)
- [F1]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.
- [F2]2340 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.
- [F3]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 grant date.