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

Rhea-AI Filing Summary

Hexcel Corp (HXL): Officer Thierry Merlot reported an equity transaction. On 10/24/2025, 2,490 shares of common stock were acquired at $0 upon the conversion of previously granted restricted stock units (code M).

Following this conversion, Merlot directly beneficially owns 53,798 shares of Hexcel common stock. The derivative position related to this grant shows 0 restricted stock units remaining after the transaction. Merlot’s title is listed as EVP, Strategy.

The filing notes that each RSU represents a right to receive one share of common stock and describes the vesting schedule, with portions vesting on the third through sixth anniversaries of the grant date, converting into an equivalent number of shares.

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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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^*

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)
10/24/2025

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
Common Stock	10/24/2025		M		2,490	A	$0	53,798	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)	10/24/2025		M			2,490	(2)	(2)	Common Stock	2,490	$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 as to 50% on the third anniversary of the date of grant, and the remaining 50% of the RSUs vest ratably on each of the fourth, fifth and sixth anniversaries of the date of grant, and convert into an equivalent number of shares of common stock of the issuer.

Remarks:

EVP, Strategy

	/s/ Heather M. DeGregorio, as attorney-in-fact for Thierry Merlot	10/27/2025
	** 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) insider Thierry Merlot report?

On 10/24/2025, Merlot acquired 2,490 Hexcel common shares at $0 via RSU conversion (code M).

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

Merlot directly beneficially owns 53,798 Hexcel common shares following the reported transaction.

What happened to Merlot’s RSUs in this Form 4?

The RSUs underlying this event converted into 2,490 common shares, leaving 0 derivative securities from this grant after the transaction.

What is the vesting structure of the RSUs mentioned?

The RSUs vest 50% on the third anniversary of grant, with the remainder vesting ratably on the fourth, fifth, and sixth anniversaries, converting into the same number of shares.

What is Thierry Merlot’s role at Hexcel (HXL)?

Merlot is listed as EVP, Strategy.

What transaction code is shown on the Form 4?

Code M, indicating an exercise or conversion of derivative securities into common stock.