Hexcel (NYSE: HXL) director gets 272 RSUs vesting at board exit date

Rhea-AI Filing Summary

Hexcel Corporation director Patricia Hubbard reported an equity award in the form of restricted stock units. On 01/09/2026, she acquired 272 restricted stock units at a price of $0, bringing her total beneficially owned derivative securities of this type to 272, held directly.

Each restricted stock unit represents a conditional right to receive one share of Hexcel common stock. According to her deferral election, the underlying shares of common stock will be issued in an equivalent number only after she ceases to be a member of Hexcel's board of directors.

Insights

Equity compensation analyst

Routine director RSU award with deferred share delivery.

Patricia Hubbard, a director of Hexcel Corporation, reported the acquisition of 272 restricted stock units on 01/09/2026. The Form 4 shows these as derivative securities acquired at a price of $0 per unit, resulting in 272 such units beneficially owned directly after the transaction.

Each RSU gives a conditional right to receive one share of common stock, so the award links her compensation to future Hexcel equity performance. The footnotes state that, under her deferral election, the common shares underlying these RSUs will be issued only after she leaves the board of directors. This structure delays actual share delivery and concentrates the impact at the time her board service ends.

Because the filing does not quantify broader ownership or company size, the award appears as a standard element of director compensation rather than a thesis-changing event. Subsequent company disclosures may provide additional detail on overall director equity programs and any future RSU settlements.

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
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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^*

Hubbard Patricia

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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

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)	01/09/2026		A		272		(2)	(2)	Common Stock	272	$0	272	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. In accordance with the reporting person's deferral election, the shares of common stock underlying the RSUs 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.

	/s/ Heather M. DeGregorio, as attorney-in-fact for Patricia Hubbard	01/13/2026
	** 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 did Patricia Hubbard report in this Hexcel (HXL) Form 4 filing?

Patricia Hubbard, a director of Hexcel Corporation, reported acquiring 272 restricted stock units (RSUs) on 01/09/2026, all held as a direct interest.

How many Hexcel restricted stock units did Patricia Hubbard acquire and at what price?

She acquired 272 restricted stock units at a reported price of $0 per unit, resulting in 272 derivative securities beneficially owned following the transaction.

What does each RSU reported by Patricia Hubbard represent for Hexcel (HXL)?

Each restricted stock unit represents a conditional right to receive one share of Hexcel common stock, as explained in the footnotes.

When will the Hexcel shares underlying Patricia Hubbard’s RSUs be delivered?

Under her deferral election, the shares of common stock underlying the 272 RSUs will be delivered after she ceases to be a member of Hexcel’s board of directors.

Are Patricia Hubbard’s reported RSUs in Hexcel held directly or indirectly?

The Form 4 indicates the 272 restricted stock units are held with direct ownership, with no separate indirect ownership entity disclosed.

Does this Hexcel Form 4 involve derivative or non-derivative securities?

The reported transaction involves derivative securities in the form of restricted stock units, which are convertible into Hexcel common stock under specified conditions.