0001209191-21-006542.txt : 20210201
0001209191-21-006542.hdr.sgml : 20210201
20210201173039
ACCESSION NUMBER: 0001209191-21-006542
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210128
FILED AS OF DATE: 20210201
DATE AS OF CHANGE: 20210201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Merlot Thierry
CENTRAL INDEX KEY: 0001673727
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08472
FILM NUMBER: 21577986
MAIL ADDRESS:
STREET 1: C/O HEXCEL CORPORATION
STREET 2: 281 TRESSER BLVD.
CITY: STAMFORD
STATE: CT
ZIP: 06901--326
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HEXCEL CORP /DE/
CENTRAL INDEX KEY: 0000717605
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
IRS NUMBER: 941109521
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO STAMFORD PLAZA
STREET 2: 281 TRESSER BLVD., 16TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-969-0666
MAIL ADDRESS:
STREET 1: TWO STAMFORD PLAZA
STREET 2: 281 TRESSER BLVD., 16TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-28
0
0000717605
HEXCEL CORP /DE/
HXL
0001673727
Merlot Thierry
C/O HEXCEL CORPORATION
281 TRESSER BLVD., 16TH FLOOR
STAMFORD
CT
06901
0
1
0
0
See Remarks
Common Stock
2021-01-30
4
M
0
523
0.00
A
32391
D
Common Stock
2021-01-30
4
M
0
3214
0.00
A
35605
D
Restricted Stock Units
2021-01-28
4
A
0
4790
0.00
A
Common Stock
4790
4790
D
Non-Qualified Stock Options
44.90
2021-01-28
4
A
0
17805
0.00
A
2031-01-28
Common Stock
17805
17805
D
Restricted Stock Units
2021-01-28
4
A
0
1192.22
0.00
A
Common Stock
1192.22
1192.22
D
Restricted Stock Units
2021-01-28
4
D
0
1192.22
0.00
D
Common Stock
1192.22
597.14
D
Restricted Stock Units
2021-01-29
4
A
0
453.73
0.00
A
Common Stock
453.73
1359.03
D
Restricted Stock Units
2021-01-30
4
M
0
523
0.00
D
Common Stock
523
0
D
Performance-Based Share Award
2021-01-30
4
M
0
3214
0.00
D
Common Stock
3214
0
D
Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer.
The RSUs vest as to two-thirds on the second anniversary of the date of grant, and the remaining 1/3 on the third anniversary of the date of grant, and convert into an equivalent number of shares of common stock of the issuer.
The non-qualified stock options vest in equal increments on each of the first three anniversaries of the date of grant.
Represents shares of common stock of the issuer underlying time-based RSUs that have vested but have not been distributed.
The RSUs vest as to two-thirds on the second anniversary from the grant date, and one-third on the third anniversary from the grant date, but remain subject to a holding period. To obtain qualifying tax treatment under French tax law, the shares underlying the vested RSUs will not be distributed to the reporting person until January 28, 2023.
As previously reported, on January 28, 2019, the reporting person was granted 1,774 RSUs, and following January 28, 2019, the reporting person received 15.36 aggregate dividend equivalents in the form of additional RSUs. On January 28, 2021, 1192.22 RSUs vested and will be converted into shares of common stock of the issuer and distributed to the reporting person on January 28, 2023, leaving 597.14 RSUs unvested.
Represents shares of common stock of the issuer underlying time-based RSUs.
The RSUs vest as to two-thirds on the second anniversary from the grant date, and one-third on the third anniversary from the grant date, but remain subject to a holding period. To obtain qualifying tax treatment under French tax law, the shares underlying the vested RSUs will not be distributed to the reporting person until January 29, 2022.
As previously reported, on January 29, 2018, the reporting person was granted 1,336 RSUs and, following January 29, 2018, the reporting person has received aggregate dividend equivalents in the form of 23.03 additional RSUs. As previously reported, on January 29, 2020, 903.29 RSUs vested and will be converted into shares of common stock of the issuer and distributed to the reporting person on January 29, 2022. On January 29, 2021, 453.73 RSUs vested and will be converted into shares of common stock of the issuer and distributed to the reporting person on January 29, 2022.
As previously reported, to obtain qualifying tax treatment under French tax law, the RSUs fully vested as of January 30, 2020, but were held for distribution to the reporting person until January 30, 2021.
As previously reported, on (i) January 30, 2017, the reporting person was granted 1,522 RSUs; (ii) on January 30, 2019, 1029 RSUs vested; and (iii) on January 30, 2020, 520.05 RSUs vested, but were not distributed subject to the holding period. On January 30, 2021, 523 RSUs, which includes aggregate dividend equivalents received by the reporting person, were converted into shares of common stock of the issuer and distributed to the reporting person.
Represents shares of common stock of the issuer underlying a vested performance-based share award ("PSA") based on the level of attainment of specified financial performance criteria set forth in the underlying performance-based award agreement, dated January 30, 2017.
Each PSA represents the right to receive one share of common stock of the issuer.
As previously reported, to obtain qualifying tax treatment under French tax law, the shares underlying the PSA vested on January 21, 2020, but were held for distribution to the reporting person until January 30, 2021.
President, Aerospace - Europe, MEA, and Asia Pacific and Industrial
/s/ Heather M. DeGregorio, as attorney-in-fact for Thierry Merlot
2021-02-01