X0306 4 2019-02-12 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 Restricted StockUnits 2019-02-12 4 A 0 1.08 0.00 A Common Stock 1.08 516.73 D Restricted StockUnits 2019-02-12 4 A 0 2.82 0.00 A Common Stock 2.82 1347.38 D Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. Dividend equivalents in the form of additional RSUs ("Additional RSUs") accrue with respect to RSUs (and any Additional RSUs previously accrued) when dividends are paid on shares of common stock of the issuer. The RSUs and Additional RSUs vest as to 2/3 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. Upon vesting, all fractional shares underlying the vesting tranche of RSUs and Additional RSUs are cancelled. As previously reported, (i) on January 30, 2017, the reporting person was granted 1,522 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan") and (ii) on January 30, 2019, 1,029 RSUs and Additional RSUs, leaving 515.65 RSUs and Additional RSUs unvested. On February 12, 2019, the reporting person received dividend equivalents in the form of 1.08 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date. As previously reported, (i) on January 29, 2018, the reporting person was granted 1,336 RSUs pursuant to the 2013 Plan and (ii) following January 29, 2018, the reporting person received aggregate dividend equivalents in the form of 8.56 Additional RSUs. On February 12, 2019, the reporting person received dividend equivalents in the form of 2.82 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date. President, Aerospace - Europe, MEA, and Asia Pacific /s/ Heather DeGregorio, as attorney-in-fact for Thierry Merlot 2019-02-14