Thierry Merlot - Jan 28, 2022 Form 4 Insider Report for HEXCEL CORP /DE/ (HXL)

Role
President, Aerospace - Europe, MEA, and Asia Pacific and Industrial
Signature
/s/ Heather M. DeGregorio, as attorney-in-fact for Thierry Merlot
Stock symbol
HXL
Transactions as of
Jan 28, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 05:40 PM
Next filing
Feb 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HXL Common Stock Options Exercise $0 +1.36K +3.99% $0.00 35.4K Jan 29, 2022 Direct

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 Award $0 +597 +50.09% $0.00 1.79K Jan 28, 2022 Common Stock 597 Direct F1, F2, F3, F4
transaction HXL Restricted Stock Units Options Exercise $0 -597 -100% $0.00* 0 Jan 28, 2022 Common Stock 597 Direct F1, F2, F3, F4
transaction HXL Restricted Stock Units Options Exercise $0 -1.36K -100% $0.00* 0 Jan 29, 2022 Common Stock 1.36K Direct F2, F5, F6
transaction HXL Restricted Stock Units Award $0 +2.9K $0.00 2.9K Jan 31, 2022 Common Stock 2.9K Direct F2, F7
transaction HXL Non-Qualified Stock Options Award $0 +10.6K $0.00 10.6K Jan 31, 2022 Common Stock 10.6K $52.17 Direct F8
* 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 underlying time-based restricted stock units ("RSUs") that have vested but have not been distributed.
F2 Each RSU represents a conditional right to receive one share of common stock of the issuer.
F3 The RSUs vest as to two-thirds on the second anniversary from the grant date, and one-third on the third anniversary from the grant date, but remain subject to a holding period. To obtain qualifying tax treatment under French tax law, the shares underlying the vested RSUs will not be distributed to the reporting person until January 28, 2023.
F4 As previously reported, on January 28, 2019, the reporting person was granted 1,774 RSUs, and following January 28, 2019, the reporting person received 15.36 aggregate dividend equivalents in the form of additional RSUs. On January 28, 2021, 1192.22 RSUs vested and on January 28, 2022 the remaining 597.14 RSUs vested. To obtain qualifying tax treatment under French tax law, the shares underlying the vested RSUs will not be distributed to the reporting person until January 28, 2023.
F5 The RSUs vested as to two-thirds on the second anniversary from the grant date, and one-third on the third anniversary from the grant date, but remained subject to a holding period until January 29, 2022 to obtain qualifying tax treatment under French tax law.
F6 The RSUs vested as to two-thirds on the second anniversary of the grant date, and one-third on the third anniversary of the grant date, but to obtain qualifying tax treatment under French tax law, the shares underlying the vested RSUs were withheld from distribution to the reporting person until January 29, 2022.
F7 The RSUs vest as to two-thirds on the second anniversary of the date of grant, and the remaining one-third on the third anniversary of the date of grant, and convert into an equivalent number of shares of common stock of the issuer.
F8 The non-qualified stock options vest in equal increments on each of the first three anniversaries of the date of grant.

Remarks:

President, Aerospace - Europe, MEA, and Asia Pacific and Industrial