Hexcel (HXL) EVP gains 1,812 shares from performance award

Rhea-AI Filing Summary

Hexcel Corporation executive Thierry Merlot reported an acquisition of company stock through a performance-based award. On 01/21/2026, Merlot received 1,812 shares of Hexcel common stock at a price of $0 per share, coded as an acquisition. The filing states these shares were issued upon conversion of a performance-based share award that depended on meeting specified financial performance criteria under an agreement dated January 30, 2023.

Following this transaction, Merlot beneficially owned 55,610 shares of Hexcel common stock in direct ownership. The form identifies Merlot as an officer of Hexcel, with the remarks section listing the title as EVP, Strategy.

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^*

Merlot Thierry

(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		1,812(1)	A	$0	55,610	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:

EVP, Strategy

	/s/Heather M. DeGregorio, as attorney-in-fact for Thierry Merlot	01/23/2026
	** 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).
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FAQ

What insider transaction did Hexcel (HXL) report for Thierry Merlot?

The filing reports that Hexcel officer Thierry Merlot acquired 1,812 shares of Hexcel common stock on 01/21/2026 in a Form 4 transaction coded as an acquisition at a price of $0 per share.

How many Hexcel (HXL) shares does Thierry Merlot own after this transaction?

After the reported acquisition, Thierry Merlot beneficially owned 55,610 shares of Hexcel common stock in direct ownership.

What is the source of the 1,812 Hexcel (HXL) shares acquired by Thierry Merlot?

The 1,812 shares were acquired upon the conversion of a performance-based share award (PSA), which depended on achieving specified financial performance criteria under a performance-based award agreement dated January 30, 2023.

What role does Thierry Merlot hold at Hexcel (HXL)?

The filing identifies Thierry Merlot as an officer of Hexcel, with the remarks specifying the title EVP, Strategy.

Was the Hexcel (HXL) insider transaction a direct or indirect ownership change?

The Form 4 reports the direct ownership of the shares by Thierry Merlot, with the ownership form indicated as "D" for direct and no indirect ownership entity listed.

What type of security did Thierry Merlot acquire in the Hexcel (HXL) Form 4?

The transaction relates to Hexcel common stock reported in Table I for non-derivative securities, reflecting shares issued from a performance-based share award.