Stanage Nick L 4

What Happened
Nick L. Stanage, a director of Hexcel Corp. (HXL), was issued 20,063 shares on January 21, 2026. The shares were acquired at $0.00 as the conversion of a performance-based share award; the reported acquisition value is $0. This is an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-01-21; Form 4 filed: 2026-01-23 (filed within the typical 2-business-day window).
• Transaction type/code: A (award/acquisition via conversion).
• Shares received: 20,063; price per share: $0.00; total reported cash value: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: These shares result from the conversion of a performance-based share award (PSA) tied to financial performance criteria under an award agreement dated January 30, 2023.

Context
This was a compensation-related award converting a previously granted PSA into common stock based on performance attainment. Such awards are routine executive/director compensation and do not, by themselves, indicate buying or selling sentiment. Because no cash changed hands (conversion at $0), it differs from an open-market purchase where an insider is deploying personal capital.