EGNOTOVICH CYNTHIA M 4
Research Summary
AI-generated summary
Hexcel (HXL) Director Cynthia Egnotovich Receives RSU Award
What Happened
- Cynthia M. Egnotovich, a director of Hexcel Corp. (HXL), received a grant of 1,792 restricted stock units (RSUs) on 2026-05-18. The RSUs were reported as an award (Form 4 code A) with a reported acquisition price of $0.00 (no cash paid at grant). This is an equity compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-18; Form 4 filed 2026-05-19 (timely).
- Grant size: 1,792 RSUs; reported price $0.00 (derivative award).
- Shares owned after transaction: not specified in the provided transaction details.
- Footnotes:
- F1 — Each RSU represents a conditional right to receive one share of Hexcel common stock.
- F2 — RSUs vest on the earlier of (a) one year after the grant date or (b) the day before the next annual meeting; per the reporting person's deferral election, RSUs will be converted into shares following the date the reporting person ceases to be a board member.
- Filing timeliness: Filed the next day; not indicated as late.
Context
- RSU grants are a form of compensation and do not require immediate cash outlay; they convert into shares only upon vesting/settlement and per any deferral election. Such awards are routine for directors and do not by themselves indicate buying or selling sentiment in the open market.