STOCK TITAN

Hexcel (NYSE: HXL) director exercises RSUs and receives new RSU grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hexcel director David H. Li reported compensation-related equity activity involving restricted stock units (RSUs) and common shares. On April 4, 2026, he exercised 457 RSUs, converting them into 457 shares of common stock at a stated price of $0.00 per share, a non-market transaction.

Following this exercise, his direct holdings in Hexcel’s common stock increased to 1,542 shares. On April 3, 2026, he also received a grant of 277 RSUs, each representing a conditional right to one common share. These RSUs are scheduled to convert into an equivalent number of common shares on the first anniversary of the grant date.

Positive

  • None.

Negative

  • None.
Insider Li David H
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 457 $0.00 --
Exercise Common Stock 457 $0.00 --
Grant/Award Restricted Stock Units 277 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 1,542 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 shares of common stock underlying the RSUs will be converted into an equivalent number of shares of common stock of the issuer on the first anniversary of the date of grant.
RSUs exercised 457 units Exercise of restricted stock units on April 4, 2026
Common shares from exercise 457 shares Common stock received from RSU conversion on April 4, 2026
Shares held after transactions 1,542 shares Direct Hexcel common stock holdings following April 4, 2026 exercise
New RSU grant 277 units Restricted stock units granted on April 3, 2026
Underlying shares for new RSUs 277 shares Common stock underlying April 3, 2026 RSU grant
Exercise price for RSUs $0.00 per unit Stated conversion price for RSU exercise on April 4, 2026
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock"
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
conditional right financial
"Each restricted stock unit ("RSU") represents a conditional right to receive one share"
anniversary of the date of grant financial
"converted into an equivalent number of shares of common stock on the first anniversary of the date of grant"
SEC Form 4
FORM 4UNITED 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
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*
Li David H

(Last)(First)(Middle)
C/O HEXCEL CORPORATION
281 TRESSER BLVD.

(Street)
STAMFORD CONNECTICUT 06901

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
HEXCEL CORP /DE/ [ HXL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/04/2026M457A$01,542D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/03/2026A277 (2) (2)Common Stock277$0277D
Restricted Stock Units(1)04/04/2026M457 (2) (2)Common Stock457$00D
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 shares of common stock underlying the RSUs will be converted into an equivalent number of shares of common stock of the issuer on the first anniversary of the date of grant.
/s/ Heather M. DeGregorio, as attorney-in-fact for David H. Li04/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Hexcel (HXL) director David H. Li report?

Director David H. Li reported exercising 457 restricted stock units into 457 Hexcel common shares and receiving a new grant of 277 restricted stock units. These compensation-related transactions increased his direct common stock holdings to 1,542 shares while adding a new block of unvested RSUs.

How many Hexcel (HXL) shares does David H. Li hold after these Form 4 transactions?

After the reported transactions, David H. Li directly holds 1,542 shares of Hexcel common stock. This reflects the addition of 457 shares from exercising restricted stock units on April 4, 2026, as shown by the post-transaction share balance in the Form 4 filing.

What did the new Hexcel (HXL) restricted stock unit grant to David H. Li include?

The new grant awarded David H. Li 277 restricted stock units, each representing a conditional right to receive one Hexcel common share. According to the filing, these RSUs will convert into 277 common shares on the first anniversary of the grant date, if vesting conditions are met.

Were David H. Li’s Hexcel (HXL) transactions open-market buys or sells?

The transactions were not open-market buys or sells. They involved exercising 457 restricted stock units into common shares and receiving a grant of 277 restricted stock units at a stated price of $0.00 per unit, indicating compensation-related equity movements rather than market trading activity.

What does exercising 457 Hexcel (HXL) restricted stock units mean for David H. Li?

Exercising 457 restricted stock units converted these awards into 457 Hexcel common shares for David H. Li. The Form 4 shows this as a derivative exercise transaction code M, increasing his direct common stock ownership while reducing his outstanding RSU balance by the same number of units.