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 2,001 shares on Jan 29–30, 2026. Of those, 889 shares were withheld to satisfy tax withholding obligations (reported as dispositions) for a total tax-withholding value of approximately $74,472 (488 shares at $84.56 = $41,265; 401 shares at $82.81 = $33,207). The conversions are reported as derivative exercises (code M) and the withholding as tax payment (code F).

Key Details

• Transaction dates: 2026-01-29 and 2026-01-30. Withholding prices and values: 488 shares @ $84.56 = $41,265 (Jan 29); 401 shares @ $82.81 = $33,207 (Jan 30).
• Gross shares issued on conversion: 2,001 (1,033 on Jan 29; 968 on Jan 30). Net shares retained by insider after withholding: 1,112 (2,001 − 889).
• Footnotes: F1 = shares withheld to pay taxes on RSU conversion; F2 = each RSU equals one share; F3 = RSUs vest in equal increments on the first three anniversaries of the grant date.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion); F = payment of tax liability via share withholding.
• Filing timeliness: Form 4 filed 2026-02-02 covering transactions on Jan 29–30, 2026 — filed within the regular reporting window (not indicated as late).

Context
This was a routine equity-compensation event (RSU vesting) with shares withheld to cover taxes, not an open-market sale or purchase. Such withholding is standard and does not necessarily signal insider buying or selling intent; purchases are typically a stronger indicator of insider bullishness.