Form 4: BWX Technologies Director Piasecki Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Nicole Piasecki reports acquiring dividend equivalent rights related to deferred restricted stock units in BWX Technologies.
Summary
- On March 28, 2025, Nicole Piasecki, a director of BWX Technologies, Inc., acquired 5.76 dividend equivalent rights (DER) related to previously granted restricted stock units (RSUs).
- These DERs accrue on two restricted stock unit grants for which Ms. Piasecki 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 Ms. Piasecki proportionately with the RSUs to which they relate.
- Following the transaction, Ms. Piasecki holds 23.5 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and compensation practices, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to internal compensation arrangements.
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
BWX Technologies, Director, Nicole Piasecki, Dividend Equivalent Rights, Restricted Stock Units, Form 4, Insider Trading
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