Form 4: Hexcel Corp Director Catherine A. Suever Reports Stock Unit Vesting
SEC Form 4
Director Catherine A. Suever reports the vesting of restricted stock units into common stock of Hexcel Corp.
Summary
- On October 6, 2024, Catherine A. Suever, a director of Hexcel Corp, reported the vesting of 326 restricted stock units (RSUs) into common stock.
- These RSUs were granted in lieu of a portion of her quarterly cash retainer as a board member.
- Following the transaction, Suever directly owns 18,044 shares of Hexcel Corp common stock.
- The RSUs vest daily over one year and convert into shares on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 10/06/2024 | Date of transaction: vesting of restricted stock units. |
| 10/07/2024 | Date of signature for the Form 4 filing. |
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