HEXCEL CORP /DE/ — Form 10-Q

Hexcel updated its non-employee director compensation program effective May 7, 2026. Annual retainer fee remains $95,000 (payable quarterly), with additional fees for lead director ($30,000), audit committee chair ($12,500), and other committee roles ($7,500–$10,000). Equity grant at initial election and re-election remains fixed at $160,000 aggregate value in RSUs, vesting within one year or prior to next annual meeting. Directors may elect to receive retainer as RSUs and defer conversion until board departure, subject to Section 409A tax rules.