Hexcel (HXL) EVP gains 2,331 shares through RSU conversions

Rhea-AI Filing Summary

Hexcel Corporation executive Thierry Merlot increased his direct common stock holdings through vesting of restricted stock units (RSUs). On January 29 and 30, 2026, RSUs covering 1,633 and 698 shares, respectively, were converted into the same number of Hexcel common shares at a price of $0 per share. Following these transactions, Merlot directly owned 57,941 shares of Hexcel common stock. Each RSU represents a conditional right to receive one share, and the RSUs vest two-thirds on the second anniversary of grant and the remaining one-third on the third anniversary, then convert into common shares.

Insider Trade Summary

2,331 shares exercised/converted

Mixed 4 txns

Insider Merlot Thierry

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	698	$0.00	--
Exercise	Common Stock	698	$0.00	--
Exercise	Restricted Stock Units	1,633	$0.00	--
Exercise	Common Stock	1,633	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 57,941 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. 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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Merlot Thierry

(Last) (First) (Middle)

C/O HEXCEL CORPORATION

281 TRESSER BLVD.

(Street)

STAMFORD CT 06901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HEXCEL CORP /DE/ [ HXL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/29/2026		M		1,633	A	$0	57,243	D
Common Stock	01/30/2026		M		698	A	$0	57,941	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/29/2026		M			1,633	(2)	(2)	Common Stock	1,633	$0	818	D
Restricted Stock Units	(1)	01/30/2026		M			698	(2)	(2)	Common Stock	698	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer.

2. 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.

Remarks:

EVP, Strategy

	/s/ Heather M. DeGregorio, as attorney-in-fact for Thierry Merlot	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Hexcel (HXL) report for Thierry Merlot?

Hexcel (HXL) reported that executive Thierry Merlot acquired shares through the vesting and conversion of restricted stock units. On January 29 and 30, 2026, RSUs for 1,633 and 698 units converted into the same number of Hexcel common shares at $0 per share.

How many Hexcel (HXL) shares does Thierry Merlot own after this Form 4?

After the reported RSU conversions, Thierry Merlot directly owns 57,941 shares of Hexcel common stock. This total reflects the addition of 1,633 shares on January 29, 2026 and 698 shares on January 30, 2026, all received at a conversion price of $0 per share.

What dates were the Hexcel (HXL) RSUs converted into common stock?

The restricted stock units held by Thierry Merlot converted into Hexcel common stock on January 29, 2026 and January 30, 2026. Each date involved an RSU-to-share conversion at $0 per share, consistent with the equity award’s vesting and settlement terms described in the filing footnotes.

How do Hexcel (HXL) restricted stock units vest for Thierry Merlot?

Hexcel (HXL) restricted stock units for Thierry Merlot vest over three years. According to the disclosure, two-thirds of each RSU grant vest on the second anniversary of the grant date, and the remaining one-third vests on the third anniversary, then convert into common shares one-for-one.

What is the conversion rate of RSUs to Hexcel (HXL) common stock?

Each Hexcel (HXL) restricted stock unit represents a conditional right to receive one share of common stock. When the RSUs vest on their scheduled dates, they convert into an equivalent number of Hexcel common shares, as shown by 1,633 and 698 RSUs converting into the same number of shares.

What role does Thierry Merlot hold at Hexcel (HXL) in this Form 4?

In this Form 4, Thierry Merlot is identified as an officer of Hexcel with the title indicated in the remarks as EVP, Strategy. The filing classifies him as an officer rather than a director or 10% owner, and reports his equity-based compensation activity in company stock.