Earnings Feed
Start Free
HEXCEL CORP /DE/·4

Feb 3, 6:16 PM ET

Smith Lyndon John 4

Research Summary

AI-generated summary

Updated

Hexcel President Lyndon Smith Receives RSUs & Options, Sells Shares for Taxes

What Happened

  • Lyndon John Smith, President, Americas & Global Fibers at Hexcel (HXL), had 263 shares withheld to cover taxes upon conversion of a performance-based award (sale) and was granted two derivative awards on Feb 2, 2026.
  • Tax withholding: 263 shares disposed on 2026-01-30 at $82.81 per share, totaling about $21,779.
  • Grants: on 2026-02-02 Smith was reported as acquiring 1,860 units (reported as RSUs) and 4,473 derivative units (reported as non‑qualified stock options), each recorded at $0 in the filing (these are awards, not open‑market purchases).

Key Details

  • Transaction dates and prices:
    • 2026-01-30: 263 shares withheld for taxes at $82.81 each = $21,779 (code F — tax withholding).
    • 2026-02-02: Grant of 1,860 RSUs @ $0 (derivative, code A).
    • 2026-02-02: Grant of 4,473 non‑qualified stock options @ $0 (derivative, code A).
  • Vesting/conversion notes (from footnotes):
    • The 1,860 RSUs convert 1:1 to common shares and vest/convert in equal increments on each of the first three anniversaries of the grant.
    • The 4,473 non‑qualified stock options vest in equal increments on the first three anniversaries of the grant.
    • The 263‑share disposition represents shares withheld to pay taxes on a performance‑based award conversion.
  • Shares owned after the transactions: not specified in the provided excerpt.
  • Filing timeliness: Report filed 2026-02-03 for transactions through 2026-02-02 — appears to meet the SEC’s two‑business‑day Form 4 filing requirement.

Context

  • The 263‑share sale was a tax withholding related to award conversion (routine, not an open‑market sale that signals a directional bet).
  • The RSU and option grants are standard equity compensation; RSUs convert to shares over three years and options vest over three years, so any ownership or sellable shares will accrue over time as they vest.
  • These transactions are executive compensation actions rather than open‑market purchases; they document compensation and tax withholding rather than a direct insider buy/sell for market exposure.