Lehman Gail E 4/A

What Happened

• Gail E. Lehman, EVP, Chief Legal & Sustainability Officer of Hexcel (HXL), had restricted stock units (RSUs) convert into 2,001 shares on Jan 29–30, 2026 (conversion reported as derivative exercises). The RSUs converted at $0.00 per share (no purchase price). To cover tax withholding, 484 shares were withheld on Jan 29 at $84.56 each ($40,927) and 401 shares were withheld on Jan 30 at $82.81 each ($33,207), for a total tax-withheld value of $74,134. Net shares issued to Lehman after withholding: 1,116 shares.

Key Details

• Transaction dates and prices:
  • 2026-01-29: 1,033 RSUs converted (acquired) @ $0.00; 484 shares withheld for taxes @ $84.56 (value $40,927).
  • 2026-01-30: 968 RSUs converted (acquired) @ $0.00; 401 shares withheld for taxes @ $82.81 (value $33,207).
• Total converted: 2,001 RSUs → 2,001 shares; total withheld for taxes: 885 shares (≈ $74,134); net retained: 1,116 shares.
• Shares beneficially owned after the transactions were adjusted in this AMENDED filing to correct an administrative error (see footnote F1); the amended Form 4 updates those amounts.
• Footnotes: F2-F4 state the withheld shares were to pay taxes on RSU conversion; each RSU equals one share; RSUs vest/convert in equal increments on the first three anniversaries of the grant.
• Filing status: This is an amendment correcting prior reporting; no indication here that the filing was late.

Context

• This was a routine RSU vesting and net-share withholding to satisfy tax obligations (a common, administrative event), not an open-market sale or purchase signal. The conversions were effectively a grant/award becoming shares, with a portion withheld for taxes (cashless/net settlement).