Cannon James J 4

What Happened

• James J. Cannon, a director of Hexcel Corp (HXL), was granted 1,792 restricted stock units (RSUs) on 2026-05-18. The Form 4 shows an acquisition (grant) of 1,792 RSUs at $0.00 (derivative award). This is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-18; reported on Form 4 filed 2026-05-19 (timely).
• Transaction type: A (award/grant of derivative securities); price shown $0.00 because these are RSUs (no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • Each RSU represents a conditional right to receive one share of common stock.
  • RSUs vest on the earlier of (a) the first anniversary of the grant date or (b) the day before the next annual meeting; per the reporting person's deferral election, they will be converted into shares only after the reporting person ceases to be a board member.
• Filing timeliness: Reported the next day; not indicated as late.

Context

• These RSUs are a form of director compensation and are deferred — they do not convert into actual shares immediately and therefore do not represent an immediate purchase of stock on the open market. Grants and other compensation awards are routine for directors and do not, by themselves, indicate the insider’s intent to buy or sell additional stock.