Lead extrusion dampers (LED) are employed for seismic response control of various structures due to their advantages over other energy-dissipative devices. However, a reliable design algorithm and an optimization process are essential to ensure optimal performance within the host structural system. Thus, the influence of device parameters on the damper behavior must be clearly understood. In the first part of this comprehensive study, the effect of different parameters on the LED performance was experimentally investigated. To this end, 23 specimens with different prestressing levels, bulge-to-shaft diameter ratios, shaft-to-bulge transition zone geometries, and device length ratios were cyclically tested under varying displacement amplitudes, i.e., 5 mm, 10 mm, and 20 mm, and loading rates, 0.5 mm/s, 1.0 mm/s, and 2.0 mm/s. Subsequently, they were exposed to a ramp-type loading up to the amplified design displacement. After satisfactorily completing the experimental tests, the behavior of the LEDs was compared in terms of their hysteretic behavior, energy dissipation capacities, temperature change, and stable behavior. It was concluded that the most influential parameters on the LED behavior were the bulge-to-shaft diameter ratio and the prestressing level on the lead. In addition to its effects on improving the hysteretic behavior, having a smooth shaft-to-bulge transition zone geometry was essential to guarantee a stable damper behavior.