Form 4: Hexcel Corp Director Catherine A. Suever Reports Stock Unit Conversion

Director Catherine A. Suever reports the conversion of restricted stock units into common stock of Hexcel Corp.

Summary

• On April 7, 2024, Catherine A. Suever, a director of Hexcel Corp, reported a transaction involving restricted stock units (RSUs).
• 335 RSUs were converted into 335 shares of common stock.
• Following the transaction, Suever directly owns 15,348 shares of Hexcel Corp common stock.
• The RSUs vest daily over one year and convert to common stock on the grant date's anniversary.
• These RSUs were granted in place of a portion of Suever's quarterly cash retainer as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a standard transaction of stock units converting to common stock. It's a routine disclosure with no apparent positive or negative implications.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares relative to the total outstanding.

Key Dates