Stanage Nick L 4

What Happened

• Nick L. Stanage, a director of Hexcel Corp. (HXL), exercised stock options on 2026-07-23 to acquire 70,293 shares at an exercise price of $74.74 per share (total cost $5,253,699). To satisfy tax withholding, 57,174 shares were surrendered/disposed at $110.70 per share (proceeds/value ~ $6,329,162). The filing also records the related derivative disposition (70,293 shares at $0.00), which corresponds to the option conversion.

Key Details

• Transaction dates: 2026-07-23 (reported 2026-07-24; filing appears timely).
• Option exercise (code M): 70,293 shares acquired @ $74.74 = $5,253,699.
• Tax withholding/payment (code F): 57,174 shares disposed @ $110.70 = $6,329,162.
• Derivative adjustment: 70,293 shares reported disposed at $0.00 (reflects conversion of the option).
• Shares owned after the transaction: not specified in the filing.
• Footnote: The non‑qualified options vest in equal increments on the first three anniversaries of the grant date (F1).
• Transaction types: M = option exercise/conversion; F = payment of exercise price or tax liability (share withholding).

Context

• This appears to be a typical option exercise with shares withheld to cover tax obligations (a common cashless/withholding approach), not an open-market sale for diversification. Such withholdings are routine and do not necessarily signal a personal investment decision to buy or sell additional stock.