[Form 4] HEXCEL CORP /DE/ Insider Trading Activity

Rhea-AI Filing Summary

Hexcel Corporation (HXL) director David H. Li was awarded 340 restricted stock units (RSUs) on 10/03/2025. Each RSU represents a conditional right to one share and the RSUs will convert into 340 shares of common stock on the first anniversary of the grant date, subject to the stated conditions. After the grant the report shows beneficial ownership of 340 shares held directly. The Form 4 was signed on 10/07/2025 by an attorney-in-fact. The filing documents a routine equity award to align a director's incentives with shareholder interests and does not disclose cash consideration for the award.

Positive

• 340 RSUs granted to a director, aligning incentives with shareholders
• RSUs convert to 340 common shares on the first anniversary, providing clear vesting timing
• Direct beneficial ownership reported immediately following the grant (340 shares)

Negative

• None.

Insights

Corporate Governance Analyst

Small, time‑vested RSU grant to a director; standard governance incentive.

This filing shows a 340‑unit RSU grant to a director, where each unit converts to one share on the first anniversary of grant. Such awards are commonly used to align director interests with shareholders and typically vest over time.

The primary dependency is the stated conversion timing; there is no cash price disclosed and the grant appears to be direct ownership immediately reported as 340 shares following the grant. Watch the first anniversary conversion for actual share issuance and any subsequent Form 4 reporting of sales or transfers within the following reporting periods.

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

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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^*

Li David H

(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)
10/03/2025

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

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)	10/03/2025		A		340		(2)	(2)	Common Stock	340	$0	340	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. 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. Li	10/07/2025
	** 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.

FAQ

What did Hexcel (HXL) disclose in this Form 4?

The filing reports a director grant of 340 restricted stock units (RSUs) awarded on 10/03/2025, which will convert into 340 shares on the first anniversary.

When will the 340 RSUs for HXL convert into shares?

The RSUs will convert into an equivalent number of common shares on the first anniversary of the grant date.

Does the Form 4 show any cash paid for the RSUs?

No cash price is disclosed; the entry shows $0 price for the reported RSUs in the filing.

Who filed the Form 4 for the HXL director transaction?

The Form 4 was signed by Heather M. DeGregorio as attorney-in-fact for David H. Li on 10/07/2025.

How many shares does the reporting person beneficially own after the transaction?

The filing reports beneficial ownership of 340 shares following the reported transaction.