McDaniel Chad A. 4
4 · LYDALL INC /DE/ · Filed Feb 23, 2021
Insider Transaction Report
Form 4
McDaniel Chad A.
VP, General Counsel & Secre.
Transactions
- Award
Common Stock
2021-02-22+6,100→ 61,917 total - Award
Common Stock
2021-02-22+6,100→ 68,017 total
Footnotes (3)
- [F1]Restricted stock award granted under the Lydall, Inc. Amended and Restated 2012 Stock Incentive Plan, consisting of 6,100 shares, which shall vest in three equal installments on the first, second and third anniversaries of the Grant Date.
- [F2]3,135 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.