Hexcel (NYSE: HXL) EVP Gail Lehman awarded 2,516 performance-based shares

Rhea-AI Filing Summary

Hexcel Corporation executive Gail E. Lehman, Executive Vice President and Chief Legal and Sustainability Officer, reported the acquisition of common stock in an insider filing. On 01/21/2026, she acquired 2,516 shares of Hexcel common stock at a price of $0 per share, increasing her directly held position to 19,409 shares.

The new shares were received through the conversion of a performance-based share award (PSA) granted under an agreement dated January 30, 2023. The number of shares delivered was based on the attainment level of specified financial performance criteria, meaning the award only converted into shares after certain company performance targets were measured and applied.

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

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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^*

Lehman Gail E

(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)
01/21/2026

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	01/21/2026		A		2,516(1)	A	$0	19,409	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

Explanation of Responses:

1. Represents shares of common stock of the issuer acquired upon the conversion of a performance-based share award ("PSA") based on the level of attainment of specified financial performance criteria set forth in the underlying performance-based award agreement dated January 30, 2023.

Remarks:

Executive Vice President, Chief Legal and Sustainability Officer

	/s/Heather M. DeGregorio, as attorney-in-fact for Gail E. Lehman	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does Hexcel (HXL)'s latest Form 4 for Gail E. Lehman report?

The filing reports that Gail E. Lehman, an executive officer of Hexcel, acquired 2,516 shares of common stock on 01/21/2026 at $0 per share, bringing her directly held stake to 19,409 shares.

Who is Gail E. Lehman in relation to Hexcel (HXL)?

Gail E. Lehman is identified as an officer of Hexcel, with the title Executive Vice President, Chief Legal and Sustainability Officer, and is the reporting person on this Form 4.

How many Hexcel (HXL) shares did Gail E. Lehman acquire and at what price?

She acquired 2,516 shares of Hexcel common stock at a reported price of $0 per share, reflecting that the shares were delivered as part of an equity award rather than an open-market purchase.

How did Gail E. Lehman receive the 2,516 Hexcel (HXL) shares?

The 2,516 shares were received upon the conversion of a performance-based share award (PSA), where the final share amount depended on achieving specified financial performance criteria under an award agreement dated January 30, 2023.

What is Gail E. Lehman's Hexcel (HXL) shareholding after this Form 4 transaction?

After the reported transaction, Gail E. Lehman directly and beneficially owns 19,409 shares of Hexcel common stock, according to the filing.

Is the Hexcel (HXL) Form 4 transaction a purchase on the open market?

No. The filing shows a transaction code "A" for an acquisition at $0 per share, and the footnote explains the shares came from the conversion of a performance-based share award, not from an open-market buy.

What does a performance-based share award (PSA) mean for Hexcel (HXL) executives?

A performance-based share award (PSA) delivers shares only after specified financial performance criteria are measured. In this case, the 2,516 shares issued to Gail E. Lehman reflect the level of attainment under an award agreement dated January 30, 2023.