Hexcel (NYSE: HXL) director James J. Cannon granted 1,792 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cannon James J reported acquisition or exercise transactions in this Form 4 filing.
Hexcel Corp director James J. Cannon received a grant of 1,792 restricted stock units, each tied to one share of common stock. The RSUs vest on the earlier of the first anniversary of the grant date or just before the next annual stockholders’ meeting. Under Cannon’s deferral election, the vested units will be settled in shares only after he ceases to serve on Hexcel’s board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cannon James 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, in accordance with the reporting person's deferral election, will be converted into an equivalent number of shares of common stock of the issuer following the date the reporting person ceases to be a member of the board of directors of the issuer.
Key Figures
RSUs granted: 1,792 units
Underlying common shares: 1,792 shares
Transaction price per unit: $0.0000 per unit
+1 more
4 metrics
RSUs granted
1,792 units
Restricted Stock Units granted to James J. Cannon
Underlying common shares
1,792 shares
Each RSU represents one share of common stock
Transaction price per unit
$0.0000 per unit
Compensation grant, no purchase price paid
Holdings after grant
1,792 RSUs
Total restricted stock units following transaction
Key Terms
Restricted Stock Units, RSU, deferral election, 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.
deferral election financial
"in accordance with the reporting person's deferral election, will be converted"
annual meeting of stockholders financial
"prior to the next annual meeting of stockholders following the grant date"
FAQ
What insider transaction did Hexcel (HXL) director James J. Cannon report?
James J. Cannon reported receiving 1,792 restricted stock units as a grant. Each RSU represents a conditional right to one share of Hexcel common stock, subject to vesting and later settlement conditions tied to his board service.
How many Hexcel (HXL) restricted stock units did James J. Cannon receive?
James J. Cannon received 1,792 restricted stock units. These RSUs correspond to 1,792 underlying shares of Hexcel common stock and were reported as a direct, compensation-related acquisition rather than an open-market purchase.
When do James J. Cannon’s Hexcel (HXL) RSUs vest?
The RSUs vest on the earlier of the first anniversary of the grant date or immediately before the next annual stockholders’ meeting. This schedule links vesting to Cannon’s continuing service as a member of Hexcel’s board of directors.
Is James J. Cannon’s Hexcel (HXL) Form 4 transaction a stock purchase or sale?
The filing reports a grant of restricted stock units, not a market trade. It is coded as an acquisition (grant or award), with no open-market buying or selling of Hexcel common stock indicated in this transaction.