Stanage Nick L 4

What Happened
Nick L. Stanage, a director of Hexcel Corp (HXL), exercised 50,121 non‑qualified stock options on 2026-05-06 (transaction code M). The exercise is reported as 50,121 shares acquired at a $68.15 exercise price (total value reported $3,415,746). To cover taxes/exercise costs (transaction code F), 41,932 shares were withheld/disposed at $95.85 per share (value reported $4,019,182). After the withholding, Stanage retained a net 8,189 shares (50,121 − 41,932).

Key Details

• Transaction date: 2026-05-06 (filed same day).
• Options exercised: 50,121 shares at $68.15 (gross $3,415,746).
• Shares withheld for taxes/exercise: 41,932 shares at $95.85 (value $4,019,182).
• Net shares retained: 8,189 shares.
• Footnote: These were non‑qualified options that vest in equal increments on the first three anniversaries of the grant date.
• Filing timeliness: Reported on the same day as the transactions (no late filing indicated).
• Transaction codes: M = option exercise/conversion; F = payment of exercise price/tax liability (share withholding).

Context
This appears to be a cashless exercise: options were converted into shares and a large portion of the resulting shares were withheld to cover taxes and/or the exercise cost, leaving a smaller net share position. Such withholding is common and routine for option exercises and does not by itself indicate a broader buy/sell signal. The filing does not specify total shares owned by Stanage following the transaction beyond the net shares retained from this exercise.