Smith Lyndon John 4

What Happened

• Lyndon John Smith, President, Americas & Global Fibers at Hexcel (HXL), had restricted stock units (RSUs) vest and convert into common shares. A total of 598 RSUs converted into 598 shares (384 on 2026-01-29 and 214 on 2026-01-30). To cover tax withholding, 283 of those shares were surrendered (182 on 1/29 and 101 on 1/30), leaving a net increase of 315 shares to Smith’s holdings.
• Withheld-share values: 182 shares @ $84.56 = $15,390 and 101 shares @ $82.81 = $8,364, for a total withholding value of $23,754. These were tax-withholding disposals (transaction code F); the RSU conversions are shown as derivative exercises/conversions (code M).

Key Details

• Transaction dates: 2026-01-29 (384 RSUs converted; 182 shares withheld) and 2026-01-30 (214 RSUs converted; 101 shares withheld).
• Prices used for withholding: $84.56 (1/29) and $82.81 (1/30); total withheld value ≈ $23,754.
• Net shares acquired: 598 converted − 283 withheld = 315 net new shares.
• Footnotes: F1–F3 indicate these were RSUs converting to one share each and that the withheld shares were used to pay taxes; RSUs vest in equal increments over the first three anniversaries of the grant.
• Filing: Form 4 filed 2026-02-02 for transactions on 1/29–1/30; filing appears to be within required reporting window (timely).

Context

• This was a standard RSU vesting and tax-withholding event, not an open-market purchase or sale of newly acquired shares. Withholding to cover taxes is routine and does not necessarily signal a change in insider sentiment.
• Derivative code M here denotes conversion/exercise of RSUs into shares; code F denotes shares surrendered to pay taxes (a cashless-like mechanism). The filing does not, in the provided data, state total shares owned after these transactions.