Brubaker Lynn 4
4 · HEXCEL CORP /DE/ · Filed Feb 14, 2019
Insider Transaction Report
Form 4
Brubaker Lynn
Director
Transactions
- Award
Restricted Stock Units
2019-02-12+3.37→ 1,608.6 total→ Common Stock (3.37 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. Dividend equivalents in the form of additional RSUs ("Additional RSUs") accrue with respect to RSUs (and any Additional RSUs previously accrued) when dividends are paid on shares of common stock of the issuer.
- [F2]The RSUs and Additional RSUs vest in equal increments on a daily basis over one year and convert into an equivalent number of shares of common stock of the issuer on the first anniversary of the grant date.
- [F3]As previously reported, (i) on May 3, 2018, the reporting person was granted 1,595 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 10.23 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 3.37 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.