Stanage Nick L 4

What Happened

• Nick L. Stanage, a director of Hexcel Corp. (HXL), exercised options on Feb 12, 2026 to acquire 61,204 shares by paying $50.50 per share (total exercise cost $3,090,802). To cover tax liability/withholding, 45,963 of those shares were disposed at $90.69 per share (total value $4,168,384). The filing also shows the underlying derivative (the option) was converted/terminated in connection with the exercise.

Key Details

• Transaction date: 2026-02-12.
• Option exercise (code M): 61,204 shares acquired at $50.50 — $3,090,802.
• Tax withholding/disposition (code F): 45,963 shares disposed at $90.69 — $4,168,384.
• The derivative entry shows the option was converted/terminated (61,204 @ $0.00) as part of the exercise.
• Footnote: the non-qualified options vest in equal increments on the first three anniversaries of the grant date.
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Filing date: 2026-02-17. Filing is within the SEC Form 4 deadline (the Feb 16 federal holiday meant Feb 17 was the second business day), so this appears timely.

Context

• This was an option exercise with shares withheld/sold to cover taxes (a common cashless exercise/withholding), not an open-market purchase or discretionary sale. Such exercises show the insider exercised granted options; the subsequent withholding/disposition is routine tax-related activity and is not by itself a clear buy/sell signal about the insider’s view of the stock.