Lehman Gail E 4

What Happened

• Gail E. Lehman, EVP and Chief Legal & Sustainability Officer of Hexcel Corp (HXL), had restricted stock units (RSUs) convert into shares on Jan 27, 2026. After tax withholding, she received 1,129 shares (conversion recorded at $0.00 per share). 446 shares were withheld to cover taxes at $81.57 per share, reported as $36,380.

Key Details

• Transaction date: 2026-01-27; Form filed: 2026-01-28 (filed next day, not reported late).
• Conversion entries reported as code M (exercise/conversion of derivative — here RSU conversion) and code F for tax withholding.
• Shares acquired (net): 1,129 shares (no cash paid for conversion). Shares withheld for taxes: 446 shares @ $81.57 = $36,380 (per filing).
• Approximate values: net shares received ≈ $92,093; total vested value ≈ $128,473 (gross before withholding).
• Shares owned after the transaction: not disclosed in this Form 4.
• Footnotes: F1–F3 explain the withholding and that each RSU equals one share and vests in equal increments over the first three anniversaries of the grant.

Context

• This was a routine RSU vesting and tax-withholding transaction (a non‑purchase compensation event), not an open-market buy or sell. The derivative-code entries reflect RSU conversion to shares and the F-code indicates shares were withheld to satisfy tax obligations (a cashless withholding). Such filings document compensation-related share issuance rather than a direct insider bet on the stock.