Form 4: BWX Technologies CEO Rex Geveden Reports Stock Transactions
SEC Form 4 Filing
Rex Geveden, CEO of BWX Technologies, reports the vesting of restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- On February 27, 2024, Rex Geveden, the President and CEO of BWX Technologies, Inc. (BWXT), had restricted stock units (RSUs) vest.
- 4,907 shares of common stock were acquired upon the vesting of these RSUs.
- Simultaneously, 2,395 shares were disposed of to cover tax obligations associated with the vesting.
- The price per share for the tax withholding was $89.28.
- Following these transactions, Geveden directly owns 218,218 shares of BWXT common stock and 8,707 restricted stock units.
- The RSUs vest in three equal annual installments beginning February 27, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of earliest transaction: Vesting of restricted stock units and subsequent stock disposal for tax obligations. |
| 02/27/2024 | RSUs vest in three equal annual installments beginning on this date. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
| 02/27/2026 | Expiration date of the Restricted Stock Units. |
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