Form 4: BWX Technologies Director Leland Melvin Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Leland Melvin reported the acquisition of dividend equivalent rights related to restricted stock units of BWX Technologies.
Summary
- On March 28, 2024, Leland D. Melvin, a director of BWX Technologies, Inc., acquired dividend equivalent rights (DER) related to restricted stock units (RSUs).
- The DERs accrued on two restricted stock unit grants for which the reporting person has elected to defer receipt of the underlying shares.
- A total of 11.78 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 the reporting person proportionately with the RSUs to which they relate.
- Following the transaction, the reporting person beneficially owns 100.43 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. It is a routine part of corporate governance and regulatory compliance.
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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