Form 4: Hexcel Corp Director Catherine A. Suever Reports Stock Unit Conversion
SEC Form 4 Filing
Director Catherine A. Suever reports the conversion of restricted stock units into common stock of Hexcel Corp.
Summary
- On July 14, 2024, Catherine A. Suever, a director of Hexcel Corp, reported the conversion of 288 restricted stock units (RSUs) into common stock.
- The RSUs vest daily over one year and convert to common stock on the grant date's first anniversary.
- These RSUs were granted in lieu of a portion of the quarterly cash retainer for board membership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders due to the conversion of RSUs into common stock.
Key Dates
| Date | Description |
|---|---|
| 07/14/2024 | Date of transaction: Conversion of restricted stock units to common stock. |
| 07/15/2024 | Date of report filing. |
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