Form 4: BWX Technologies Director John M. Richardson Reports Acquisition of Dividend Equivalent Rights

Director John M. Richardson reports acquiring dividend equivalent rights related to restricted stock units of BWX Technologies.

Summary

• On March 28, 2025, John M. Richardson, a director of BWX Technologies, Inc. (BWXT), reported the acquisition of dividend equivalent rights.
• These rights are associated with four restricted stock unit (RSU) grants for which Richardson has deferred receipt of the underlying shares.
• A total of 22.01 dividend equivalent rights were acquired at a price of $0.
• Following the transaction, Richardson directly owns 269.6 dividend equivalent rights.
• Each RSU and dividend equivalent right (DER) represents a contingent right to receive one share of BWXT common stock.
• The DERs will be delivered to Richardson proportionately with the RSUs to which they relate.

Sentiment

Score: 5

Explanation: This is a neutral informational filing. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership of BWXT securities by a company director.

Stakeholder Impact

• The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders.
• It reflects standard compensation practices for company directors.

Key Dates

Keywords

BWX Technologies, BWXT, John M. Richardson, Director, Dividend Equivalent Rights, Restricted Stock Units, RSUs, Form 4, SEC Filing