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

Director John M. Richardson reported the acquisition of dividend equivalent rights related to restricted stock units of BWX Technologies.

Summary

• On June 6, 2024, John M. Richardson, a director of BWX Technologies, Inc. (BWXT), reported the acquisition of dividend equivalent rights (DERs) related to previously granted restricted stock units (RSUs).
• The DERs accrued on four restricted stock unit grants for which Richardson has elected to defer receipt of the underlying shares.
• A total of 23.21 dividend equivalent rights were acquired.
• Each RSU and 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.
• Following the transaction, Richardson beneficially owns 209.06 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, and it doesn't necessarily reflect any specific industry trend or competitive dynamic.

Stakeholder Impact

• The acquisition of dividend equivalent rights has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates