Patrick Winterlich - 28 Jan 2023 Form 4 Insider Report for HEXCEL CORP /DE/ (HXL)

Role: EVP, CFO
Signature: /s/ Heather M. DeGregorio, as attorney-in-fact for Patrick Winterlich
Issuer symbol: HXL
Transactions as of: 28 Jan 2023
Net transactions value: -$104,809
Form type: 4
Filing time: 31 Jan 2023, 16:04:03 UTC
Previous filing: 07 Feb 2022
Next filing: 02 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HXL	Common Stock	Options Exercise	$0	+3,142	+20%	$0.000000	19,032	28 Jan 2023	Direct
transaction	HXL	Common Stock	Tax liability	$104,809	-1,547	-8.1%	$67.75	17,485	28 Jan 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HXL	Restricted Stock Units	Options Exercise	$0	-3,142	-50%	$0.000000	3,141	28 Jan 2023	Common Stock	3,142		Direct	F2, F3
transaction	HXL	Restricted Stock Units	Award	$0	+4,136		$0.000000	4,136	30 Jan 2023	Common Stock	4,136		Direct	F2, F3
transaction	HXL	Non-Qualified Stock Options	Award	$0	+10,614		$0.000000	10,614	30 Jan 2023	Common Stock	10,614	$68.79	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock of the issuer withheld for the payment of taxes due upon conversion of restricted stock units ("RSUs").
F2	Each RSU represents a conditional right to receive one share of common stock of the issuer.
F3	The RSUs vest and convert into an equivalent number of shares of common stock of the issuer in equal installments on the first three anniversaries of the grant date.
F4	The non-qualified stock options vest in equal increments on each of the first three anniversaries of the date of grant.