Hexcel director exercises 50,121 stock options
Hexcel Corp director Nick L. Stanage reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Hexcel Corp director Nick L. Stanage reported routine equity compensation activity. He exercised non-qualified stock options covering 50,121 shares of Common Stock at $68.15 per share through a derivative exercise. In a related move, 41,932 Common Stock shares were disposed of at $95.85 per share to satisfy tax obligations through a tax-withholding disposition.
Insider Trade Summary
50,121 shares exercised/converted
Exercise
3 txns
Insider
Stanage Nick L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Options | 50,121 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,121 | $68.15 | $3.42M |
| Exercise Price or Tax Liability | Common Stock | 41,932 | $95.85 | $4.02M |
Holdings After Transaction:
Non-Qualified Stock Options — 0 contracts (Direct);
Common Stock — 480,214 shares (Direct)
Footnotes (1)
- F1. The non-qualified stock options vest in equal increments on the first three anniversaries of the grant date.
Key Figures
Options exercised: 50,121 shares
Option exercise price: $68.15 per share
Tax-withholding shares: 41,932 shares
+3 more
6 metrics
Options exercised
50,121 shares
Non-qualified stock options into Common Stock at $68.15 per share
Option exercise price
$68.15 per share
Conversion or exercise price for 50,121 non-qualified stock options
Tax-withholding shares
41,932 shares
Common Stock delivered in tax-withholding disposition at $95.85 per share
Tax-withholding price
$95.85 per share
Value used for 41,932-share tax-withholding disposition in Common Stock
Options grant date
January 29, 2019
Grant date of non-qualified stock options that vest over three years
Options expiration
January 29, 2028
Expiration date of the exercised non-qualified stock options
Key Terms
Non-Qualified Stock Options, tax-withholding disposition, derivative exercise/conversion, exercise or conversion of derivative security
4 terms
Non-Qualified Stock Options financial
"security_title: "Non-Qualified Stock Options" tied to 50,121 shares"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 41,932 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the options"
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hexcel (HXL) director Nick L. Stanage report in this Form 4?
Nick L. Stanage reported exercising non-qualified stock options into 50,121 shares of Hexcel Common Stock and a related tax-withholding disposition of 41,932 shares. These actions reflect routine handling of equity compensation rather than open-market buying or selling of shares.
How many Hexcel (HXL) options did Nick L. Stanage exercise?
He exercised non-qualified stock options for 50,121 underlying shares of Hexcel Common Stock. The options had a conversion or exercise price of $68.15 per share and were originally granted on January 29, 2019, with an expiration date of January 29, 2028.
Are the Hexcel (HXL) transactions considered open-market trades?
The transactions are not open-market trades. The Form 4 identifies a derivative exercise of non-qualified stock options and a tax-withholding disposition. Both are internal equity compensation mechanics rather than discretionary buying or selling on the open market.
What type of derivative security did Nick L. Stanage hold in Hexcel (HXL)?
He held non-qualified stock options that were exercisable into 50,121 shares of Hexcel Common Stock at $68.15 per share. These options vested in three equal annual installments beginning on the first anniversary of the January 29, 2019 grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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