Hexcel (HXL) director Neal J. Keating converts 254 RSUs into common stock

Rhea-AI Filing Summary

HEXCEL CORP director Neal J. Keating exercised restricted stock units into common shares. On May 13, 2026, he converted 254 restricted stock units into 254 shares of common stock at a stated price of $0.00 per share as part of his equity compensation.

Following this transaction, his directly held common stock position reported in this filing is 254 shares, and the corresponding RSU balance from this grant was reduced to zero upon conversion.

Insider Trade Summary

254 shares exercised/converted

Mixed 2 txns

Insider KEATING NEAL J.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	254	$0.00	--
Exercise	Common Stock	254	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 254 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. The RSUs vest on the earlier of (a) the first anniversary of the grant date and (b) the date immediately prior to the next annual meeting of stockholders following the grant date and will be converted into an equivalent number of shares of common stock of the issuer.

Key Figures

RSUs converted: 254 units Common shares received: 254 shares Price per share: $0.00 per share +1 more

4 metrics

RSUs converted 254 units Restricted Stock Units converted on May 13, 2026

Common shares received 254 shares Common Stock acquired via RSU conversion on May 13, 2026

Price per share $0.00 per share Stated transaction price for RSU conversion

Shares held after transaction 254 shares Total common stock directly owned following the Form 4 transaction

Key Terms

Restricted Stock Units, derivative security, equity compensation

3 terms

Restricted Stock Units financial

"The filing shows 254 restricted stock units converted into 254 shares 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 "M" is described as an 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.

equity compensation financial

"These shares resulted from the exercise and conversion of 254 restricted stock units, reflecting equity compensation."

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

Form 4 Insider Transactions: What Each Field Means →

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^*

KEATING NEAL J.

(Last) (First) (Middle)

281 TRESSER BLVD

16TH FLOOR

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		M		254	A	$0	254	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
Restricted Stock Units	(1)	05/13/2026		M			254	(2)	(2)	Common Stock	254	$0	0	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 RSUs vest on the earlier of (a) the first anniversary of the grant date and (b) the date immediately prior to the next annual meeting of stockholders following the grant date and will be converted into an equivalent number of shares of common stock of the issuer.

	/s/ Heather M. DeGregorio, as attorney-in-fact for Neal J. Keating	05/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HEXCEL (HXL) director Neal J. Keating report?

Neal J. Keating reported converting restricted stock units into common shares. He exercised 254 RSUs into 254 shares of HEXCEL common stock at a stated price of $0.00 per share as part of his equity compensation program.

How many HEXCEL (HXL) shares did Neal J. Keating acquire in this Form 4?

He acquired 254 shares of HEXCEL common stock. These shares resulted from the exercise and conversion of 254 restricted stock units, reflecting equity compensation rather than an open-market stock purchase or sale transaction.

What derivative position was converted in Neal J. Keating’s HEXCEL (HXL) Form 4 filing?

The filing shows 254 restricted stock units converted into 254 shares of common stock. After this exercise, the reported RSU position from this grant dropped to zero, indicating the award was fully converted in this transaction.

Does Neal J. Keating’s HEXCEL (HXL) Form 4 show any stock sales?

The Form 4 shows no stock sales. It reports a derivative exercise coded “M,” where 254 restricted stock units were converted into 254 common shares, a routine equity compensation event rather than an open-market disposition.

What is Neal J. Keating’s HEXCEL (HXL) common stock holding after this transaction?

After the transaction, his directly held common stock position reported in the filing is 254 shares. This reflects the shares received from converting restricted stock units in this Form 4, with no additional purchases or sales disclosed.