Form 4: BWX Technologies Director Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Nicole Piasecki reports acquisition of dividend equivalent rights related to deferred restricted stock units.
Summary
- Nicole Piasecki, a director of BWX Technologies, Inc. (BWXT), reported the acquisition of dividend equivalent rights (DERs) on June 6, 2024.
- These DERs are associated with two restricted stock unit (RSU) grants for which 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 Piasecki proportionately with the RSUs to which they relate.
- The price of the DERs is $0.
- Following the reported transaction, Piasecki beneficially owns 7.65 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not indicate any specific trend in the broader industry.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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