Gonzales Randall B 4
4 · LYDALL INC /DE/ · Filed Feb 23, 2021
Insider Transaction Report
Form 4
Gonzales Randall B
EXEC VP & CFO
Transactions
- Award
Common Stock
2021-02-22+8,970→ 64,054 total - Award
Common Stock
2021-02-22+8,970→ 73,024 total
Footnotes (3)
- [F1]Restricted stock award granted under the Lydall, Inc. Amended and Restated 2012 Stock Incentive Plan, consisting of 8,970 shares, which shall vest in three equal installments on the first, second and third anniversaries of the Grant Date.
- [F2]3,995 Performance Shares owned by the Reporting Person were forfeited on February 18, 2021 upon certification by the Compensation Committee of the Board of Directors that the relevant financial performance criteria was not achieved.
- [F3]Represents an award of Performance Shares granted under the Lydall, Inc. Amended and Restated 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, 2021 through December 31, 2023.