Hexcel Corp EVP, CFO James Gordon Coogan received equity awards consisting of 7,623 non-qualified stock options and two restricted stock unit grants of 3,079 and 21,998 units, each representing one share of common stock.
The options have an exercise price of 102.28, expire on August 3, 2036, and vest in three equal annual installments from the grant date. The RSUs also vest in equal increments on the first three anniversaries of the grant date. All reported holdings are direct, and no shares were sold.
Lyndon John Smith, President, Americas & Global Fibers of Hexcel, converted 220 restricted stock units into 220 shares of common stock on July 29, 2026. The issuer withheld 87 of those shares at $105.61 per share to cover taxes, leaving 442 RSUs outstanding that vest in three annual installments.
Hexcel Corporation reported stronger results for the quarter and six months ended June 30, 2026. Net sales reached $529.3 million in the quarter and $1,030.8 million year‑to‑date, increases of 8.0% and 8.9% over 2025. Quarterly operating income rose to $72.6 million from $30.0 million, lifting operating margin to 13.7% from 6.1%. Net income for the quarter was $49.3 million versus $13.5 million, with diluted EPS improving to $0.64 from $0.17.
Growth was driven by Commercial Aerospace, where sales increased 18.3% in the quarter to $346.6 million and 18.5% year‑to‑date to $679.3 million, reflecting higher deliveries on Airbus and Boeing programs. Defense, Space & Other sales declined 7.2% in the quarter, partly reflecting a 2025 industrial divestiture. First‑half operating cash flow improved to $96.7 million from a $5.2 million outflow, while long‑term debt stood at $959.4 million and total assets at $2,730.6 million. The company refinanced its revolving credit facility, issued $400 million of 4.9% senior notes due 2031, redeemed $400 million of 3.95% notes due 2027, and completed a $350 million accelerated share repurchase totaling 4.52 million shares, leaving $380.6 million authorized for further buybacks.
Hexcel Corporation reported strong second quarter 2026 results, with net sales of $529.3 million, up 8.0% from $489.9 million a year earlier. Commercial Aerospace sales rose 18.3% to $346.6 million while Defense, Space & Other declined 7.2% to $182.7 million. Gross margin expanded to 26.1% from 22.8%, supporting GAAP net income of $49.3 million and diluted EPS of $0.64, versus $13.5 million and $0.17 in 2025; adjusted diluted EPS increased 32.0% to $0.66.
For the first half of 2026, sales reached $1,030.8 million, up 8.9%. Net cash from operating activities improved to $96.7 million, driving free cash flow of $51.8 million versus a negative $46.6 million in 2025. The company refinanced $400 million of 3.95% notes with new 4.9% notes due 2031, ended the quarter with net debt of $897.2 million, and declared a $0.18 quarterly dividend. Management raised 2026 sales guidance to $2.025–$2.125 billion and adjusted EPS guidance to $2.30–$2.40, while maintaining free cash flow and capital expenditure targets.
Hexcel Corp officer Lyndon John Smith converted 1,666 Restricted Stock Units into the same number of shares of common stock on July 27, 2026. Of these, 697 shares were withheld at $109.72 per share to satisfy taxes due on the RSU conversion.
Hexcel director Nick L. Stanage exercised 70,293 non-qualified stock options on 2026-07-23 at a conversion price of $74.74 per share, acquiring the same number of common shares. A further 57,174 common shares were disposed of at $110.70 per share in a transaction coded for payment of the exercise price or tax liability. The specific option grant reported now has 0 options outstanding.
Hexcel Corp received an amended Schedule 13G from BlackRock Portfolio Management LLC reporting a sizeable passive ownership position in its common stock. BlackRock Portfolio Management LLC is deemed to beneficially own 6,356,751 shares of Hexcel common stock, representing 8.4% of the class as of June 30, 2026. It holds sole voting power over 6,222,373 shares and sole dispositive power over all 6,356,751 shares, with no shared voting or dispositive power. The stake reflects securities beneficially owned by certain business units of BlackRock, Inc., excluding other disaggregated units. Various underlying persons have rights to dividends or sale proceeds from these shares, but no single person has an interest exceeding five percent of Hexcel’s outstanding common stock.
Hexcel director Nick L. Stanage exercised 65,502 non-qualified stock options on July 14, 2026 at $65.56 per share, receiving common stock. To satisfy tax obligations, 52,169 shares were withheld at $101.82 per share. Following these transactions, he directly holds 496,244 Hexcel common shares, a net increase in his equity position. The options being exercised vest in equal increments on the first three anniversaries of the grant date.
Hubbard Patricia reported acquisition or exercise transactions in this Form 4 filing.
Hexcel Corp reported that director Patricia Hubbard received a grant of 239 Restricted Stock Units on July 10, 2026. Each RSU represents a conditional right to receive one share of common stock. Settlement is deferred until after she ceases serving on Hexcel’s board, reflecting a deferral election.
Hexcel Corp director David H Li reported acquiring 373 shares of Common Stock on July 10, 2026 through exercise or conversion of a derivative security previously granted as restricted stock units. Following this transaction, he holds 4,612 Common Stock shares directly and 239 Restricted Stock Units, each representing a conditional right to receive one share of common stock that will convert on the first anniversary of the grant date.