Hexcel (HXL) EVP Gail E. Lehman Exercises Options, Sells Shares

What Happened Gail E. Lehman, EVP, Chief Legal and Sustainability Officer of Hexcel Corp. (HXL), exercised non‑qualified stock options to acquire a total of 13,829 shares on 2026-09-03 (8,829 shares and 5,000 shares). She paid a combined exercise cost of $929,496 (8,829 @ $68.15 = $601,696; 5,000 @ $65.56 = $327,800). The same day she sold all 13,829 shares in open‑market trades for total proceeds of $1,273,663 (8,829 @ $92.09 = $813,063; 5,000 @ $92.12 = $460,600). The filing also shows the related derivative instruments were disposed (option instruments surrendered) in connection with the exercise.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-08 (appears filed after the 2-business‑day Form 4 window).
• Shares acquired by exercise: 13,829; total exercise cash paid: $929,496.
• Shares sold: 13,829; total sale proceeds: $1,273,663. Sale prices reported as weighted averages; sale prices ranged $91.87–$92.33 per F1.
• Footnote F2: the options are non‑qualified and vest in equal increments on the first three anniversaries of the grant; the reported date corresponds to the first anniversary tranche.
• Shares owned after the transaction are not provided in the excerpt of the filing.

Context

• This was an exercise of vested options followed by an immediate sale of the resulting shares (a cashless or same‑day sell), which is a common way for insiders to exercise option value and cover the exercise cost/taxes. Such same‑day sales are generally routine and do not by themselves indicate insider sentiment about the company.