Hexcel (NYSE: HXL) director Neal Keating awarded 1,792 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hexcel Corp director Neal J. Keating received a grant of 1,792 restricted stock units. These RSUs were awarded at no cash cost to him and each unit represents the right to receive one share of Hexcel common stock. After this grant, he directly holds 1,792 RSUs tied to common shares.
The RSUs will vest on the earlier of the first anniversary of the grant date or immediately before the next annual stockholder meeting, and then convert into the same number of Hexcel common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KEATING NEAL J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,792 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,792 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. The RSUs vest on the earlier of (a) the first anniversary of the grant date and (b) the date immediately prior to the next annual meeting of stockholders following the grant date and will be converted into an equivalent number of shares of common stock of the issuer.
Key Figures
RSUs granted: 1,792 units
Grant price: $0.00 per unit
Underlying common shares: 1,792 shares
+1 more
4 metrics
RSUs granted
1,792 units
Restricted stock units awarded to Neal J. Keating
Grant price
$0.00 per unit
Stated price for RSU grant
Underlying common shares
1,792 shares
Shares deliverable upon RSU conversion
Holdings after grant
1,792 RSUs
Total RSUs held directly after transaction
Key Terms
Restricted Stock Units, RSU, vest, annual meeting of stockholders
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a conditional right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"The RSUs vest on the earlier of (a) the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"the date immediately prior to the next annual meeting of stockholders"
FAQ
What insider transaction did Hexcel (HXL) disclose for Neal J. Keating?
Hexcel reported that director Neal J. Keating received a grant of 1,792 restricted stock units. These units are a form of equity compensation and will convert into the same number of Hexcel common shares once vesting conditions are satisfied.
How many Hexcel (HXL) restricted stock units were granted to Neal J. Keating?
Neal J. Keating was granted 1,792 restricted stock units. Each RSU represents a conditional right to receive one share of Hexcel common stock, providing additional equity-based compensation tied directly to the company’s share price performance over time.
At what price were Neal J. Keating’s Hexcel (HXL) RSUs granted?
The 1,792 restricted stock units were granted at a stated price of $0.00 per unit. This reflects that RSUs are compensation awards rather than open-market purchases, with value realized when they vest and convert into Hexcel common shares.
When do Neal J. Keating’s Hexcel (HXL) restricted stock units vest?
The RSUs vest on the earlier of the first anniversary of the grant date or immediately before the next annual stockholders’ meeting. Once vested, they will be converted into an equivalent number of Hexcel common shares for Neal J. Keating.
How many Hexcel (HXL) RSUs does Neal J. Keating hold after this transaction?
Following this grant, Neal J. Keating holds 1,792 restricted stock units directly. These RSUs, once vested and converted, will result in ownership of 1,792 Hexcel common shares, aligning his compensation more closely with shareholder interests.