Hexcel (HXL) EVP Gina Fitzsimons Exercises Options, Sells Shares

What Happened
Gina Fitzsimons, EVP Chief HR & Communications Officer at Hexcel (HXL), exercised a total of 9,675 stock options on 2026-08-14 and sold all 9,675 resulting shares the same day. She exercised 3,517 options at a $44.90 strike (cost $157,913) and 6,158 options at a $52.17 strike (cost $321,263). The shares were sold in open-market trades: 3,517 shares at $103.12 ($362,673) and 6,158 shares at $103.15 ($635,198). Gross sale proceeds totaled $997,871; exercise costs totaled $479,176, yielding roughly $518,695 before taxes and fees.

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-17 (filed timely).
• Options exercised: 3,517 @ $44.90 and 6,158 @ $52.17 (total 9,675).
• Shares sold: 3,517 @ $103.12 and 6,158 @ $103.15 (total proceeds ~$997,871).
• Net cash received before taxes/fees: ~ $518,695 (proceeds minus exercise cost ~$479,176).
• Shares owned after the transactions: not specified in the provided excerpt.
• Footnote: These are non‑qualified stock options that vest in equal increments on the first three anniversaries of the grant; the table shows the first anniversary (see F1).
• Derivative entries showing $0.00 reflect conversion/cancellation of the option instruments upon exercise.

Context
This was a same‑day exercise-and-sell (cashless exercise) transaction: the options were converted into shares and those shares were immediately sold in the open market. Such transactions are commonly used to realize option value and cover exercise costs and tax withholding; they are not, by themselves, a clear buy/sell signal about the insider’s view of the company.