HEXCEL CORP /DE/
For the period ended Mar 31, 2025. Filed Apr 21, 2025.
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Mar 31, 2025 · Filed Apr 21, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
On February 19, 2024, the Board approved a $300 million share repurchase plan (the “2024 Share Repurchase Plan”) which was in addition to the amount that remained avai lable for repurchases under the company's previous repurchase plan at such time.
During the three months ended March 31, 2025, the Company repurchased 835,162 shares of common stock in open market transactions under the 2024 Share Repurchase Plan at an average price of $59.86 per share and at a cost of $50.4 million, including commissions and excise tax, leaving approximately $184.5 million available for additional repurchases under the 2024 Share Repurchase Plan as of March 31, 2025. The acquisition of these shares was accounted for under the treasury stock method.
The following is a summary of share repurchase activity during the fiscal quarter ended March 31, 2025:
| Period | (a)Total Number of Shares Purchased | (b)Average Price Paid per share | (c)Total Number ofShares Purchased as Part ofPublicly AnnouncedPlans or Programs | (d)Approximate Dollar Value (Millions) ofShares that May YetBe Purchased Under the Plans or Programs |
|---|---|---|---|---|
| February 1 — February 28, 2025 | 158,635 | $63.03 | 158,635 | $224.9 |
| March 1 — March 31, 2025 | 676,527 | $59.12 | 676,527 | $184.5 |
| Total | 835,162 | $59.86 | 835,162 | $184.5 |
ITEMS 3, 4 and 5 arenot applicable, and therefore have been omitted.
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