Form 4: BWX Technologies Director Nardelli Reports Dividend Equivalent Rights Acquisition
SEC Form 4 Filing
Director Robert L. Nardelli reports acquisition of dividend equivalent rights related to deferred restricted stock units.
Summary
- On March 28, 2025, Robert L. Nardelli, a director of BWX Technologies, Inc., acquired 77.04 dividend equivalent rights (DERs).
- These DERs are associated with eleven restricted stock unit (RSU) grants for which Nardelli has deferred 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 Nardelli proportionately with the RSUs to which they relate.
- Following this transaction, Nardelli beneficially owns 2,420.8 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to internal compensation arrangements for a director.
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Date of transaction: Acquisition of dividend equivalent rights |
| 04/01/2025 | Date of signature for the Form 4 filing |
Keywords
BWX Technologies, Director, Nardelli, Dividend Equivalent Rights, Restricted Stock Units, Form 4, Beneficial Ownership, BWXT
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