Gail E. Lehman - Jan 28, 2024 Form 4 Insider Report for HEXCEL CORP /DE/ (HXL)

Role
Executive Vice President, General Counsel and Secretary
Signature
/s/Heather M. DeGregorio, as attorney-in-fact for Gail E. Lehman
Stock symbol
HXL
Transactions as of
Jan 28, 2024
Transactions value $
-$547,934
Form type
4
Date filed
1/30/2024, 09:33 PM
Previous filing
Jan 18, 2024
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HXL Common Stock Tax liability -$478K -7.14K -32.28% $66.96 15K Jan 28, 2024 Direct F1
transaction HXL Common Stock Options Exercise $0 +2.25K +15.01% $0.00 17.2K Jan 28, 2024 Direct
transaction HXL Common Stock Tax liability -$69.8K -1.04K -6.05% $66.96 16.2K Jan 28, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HXL Restricted Stock Units Options Exercise $0 -2.25K -100% $0.00* 0 Jan 28, 2024 Common Stock 2.25K Direct F3, F4
transaction HXL Restricted Stock Units Award $0 +3.1K $0.00 3.1K Jan 29, 2024 Common Stock 3.1K Direct F3, F4
transaction HXL Non-Qualified Stock Options Award $0 +8.52K $0.00 8.52K Jan 29, 2024 Common Stock 8.52K $66.77 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock of the issuer withheld for the payment of taxes due upon the conversion of a performance-based share award reported on the reporting person's Form 4 filed on January 18, 2024.
F2 Represents shares of common stock of the issuer withheld for the payment of taxes due upon conversion of restricted stock units ("RSUs").
F3 Each RSU represents a conditional right to recieve one share of common stock of the issuer.
F4 The RSUs vest and convert into an equivalent number of shares of common stock of the issuer in equal increments on the first three anniversaries of the grant date.
F5 The non-qualified stock options vest in equal increments on the first three anniversaries of the grant date.

Remarks:

Executive Vice President, General Counsel and Secretary