HXL CFO option exercise at $41.71 and sale at $73.34 avg

Rhea-AI Filing Summary

Hexcel (HXL) reported an insider transaction by EVP, CFO Patrick Winterlich. On 10/29/2025, he exercised 3,413 non-qualified stock options at $41.71 per share and sold 3,413 common shares at a $73.34 weighted average price, executed in multiple trades between $73.32 and $73.38. Following these transactions, he directly beneficially owns 40,357 shares. The options were part of a grant that vested in three equal annual tranches and carry an expiration date of 01/26/2026.

Insider Trade Summary

Exercise and Sale: 3,413 shares ($108K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Winterlich Patrick

Role EVP, CFO

Sold 3,413 shs ($250K)

Approx. gross sale proceeds $250K

Approx. exercise cost $142K

Approx. pre-tax spread $108K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Options	3,413	$0.00	$0.00
Exercise	Common Stock	3,413	$41.71	$142K
Sale	Common Stock	3,413	$73.34	$250K

Holdings After Transaction: Non-Qualified Stock Options — 0 shares (Direct); Common Stock — 40,357 shares (Direct)

Footnotes (2)

1. F1. This transaction was executed in multiple trades at prices ranging from $73.32 to $73.38. The price reported above reflects the weighted average sale price. The reporting person will provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
2. F2. The non-qualified stock options vest in equal increments on the first three anniversaries of the grant date. The date shown in Table II is the first anniversary of the grant date.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/30/2025 - 04:26 PM Learn about SEC filing dates

FAQ

What did Hexcel (HXL) disclose on Form 4?

EVP, CFO Patrick Winterlich exercised 3,413 options at $41.71 and sold 3,413 shares at a $73.34 weighted average on 10/29/2025.

How many Hexcel (HXL) shares does the reporting person own after the transaction?

He directly beneficially owns 40,357 shares after the transactions.

What was the sale price range for the Hexcel (HXL) shares sold?

Sales were executed in multiple trades between $73.32 and $73.38; the weighted average price was $73.34.

What were the terms of the exercised Hexcel (HXL) options?

They were non-qualified stock options with an exercise price of $41.71, expiring on 01/26/2026.

When did the Hexcel (HXL) options vest?

The options vested in three equal annual installments from the grant date; the first anniversary is listed as 01/26/2017.

How many derivative securities remain after the exercise?

Following the exercise, the filing shows 0 derivative securities remaining in that option line.

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

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^*

Winterlich Patrick

(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)
	EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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	10/29/2025		M		3,413	A	$41.71	43,770	D
Common Stock	10/29/2025		S		3,413	D	$73.34(1)	40,357	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
Non-Qualified Stock Options	$41.71	10/29/2025		M			3,413	01/26/2017(2)	01/26/2026	Common Stock	3,413	$0	0	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $73.32 to $73.38. The price reported above reflects the weighted average sale price. The reporting person will provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

2. The non-qualified stock options vest in equal increments on the first three anniversaries of the grant date. The date shown in Table II is the first anniversary of the grant date.

	/s/Heather M. DeGregorio, as attorney-in-fact for Patrick Winterlich	10/30/2025
	** 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.