Form 4: BWX Technologies Director Krieg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Kenneth J. Krieg reports acquisition of dividend equivalent rights related to deferred restricted stock units in BWX Technologies.
Summary
- On September 5, 2024, Kenneth J. Krieg, a director of BWX Technologies, Inc. (BWXT), reported acquiring 51.12 dividend equivalent rights (DERs).
- These DERs are associated with nine restricted stock unit (RSU) grants for which Krieg 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 Krieg proportionately with the RSUs to which they relate.
- Following the transaction, Krieg directly owns 1,196.83 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of derivative securities related to deferred compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the compensation and holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/09/2024 | Date of signature for the Form 4 filing. |
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