Form 4: BWX Technologies Director Jan Bertsch Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jan Bertsch reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On March 28, 2024, Jan Bertsch, a director of BWX Technologies, Inc., acquired dividend equivalent rights (DERs) related to previously granted restricted stock units (RSUs).
- The transaction involved the acquisition of 55.67 dividend equivalent rights.
- These DERs accrue on eight restricted stock unit grants for which the reporting person has elected to defer receipt of the underlying shares.
- Each RSU and DER represents a contingent right to receive one share of BWXT common stock.
- The DERs will be delivered to the reporting person proportionately with the RSUs to which they relate, in accordance with the deferral election.
- Following the reported transaction, Mr. Bertsch directly owns 1,935.58 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding changes in beneficial ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to internal compensation arrangements for a company director.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 04/01/2024 | Date of signature for the Form 4 filing |
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