Stanage Nick L 4

What Happened

• Nick L. Stanage, a director of Hexcel Corp (HXL), exercised 65,502 stock options on 2026-07-14, acquiring 65,502 shares at an exercise price of $65.56 per share (total cost $4,294,311). To cover the exercise price/tax liability, 52,169 shares were withheld/sold at $101.82 per share (proceeds/value $5,311,848). The filing also records the cancellation/disposition of the derivative (the exercised options) for 65,502 options at $0.00.

Key Details

• Transaction date: July 14, 2026 (filed July 15, 2026 — timely)
• Option exercise: 65,502 shares acquired at $65.56 (total $4,294,311)
• Tax/withholding disposition: 52,169 shares at $101.82 (value $5,311,848)
• Derivative entry: 65,502 options disposed/cancelled at $0.00 (reflects exercise)
• Shares owned after the reported transactions: not specified in the provided filing
• Footnote: The non-qualified stock options vest in equal increments on the first three anniversaries of the grant date (F1)

Context

• This was an option exercise with shares immediately used to cover obligations (a cashless-type outcome): options converted to shares and a large portion of those shares were withheld/sold to satisfy exercise price/tax withholding. Such transactions are common for option exercises and usually reflect routine tax/settlement mechanics rather than an independent market purchase or sale signal.