Form 4: BWX Technologies Director Robert L. Nardelli Reports Acquisition of Dividend Equivalent Rights

Director Robert L. Nardelli reports acquiring dividend equivalent rights related to restricted stock units of BWX Technologies.

Summary

• Robert L. Nardelli, a director of BWX Technologies, Inc., reported the acquisition of 74.87 dividend equivalent rights (DER) on September 5, 2024.
• These DERs are associated with eleven restricted stock unit (RSU) grants, where the reporting person 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 the reporting person proportionately with the RSUs to which they relate.
• Following the transaction, Nardelli beneficially owns 2,283.78 derivative securities.
• The form was signed on September 9, 2024, by Theresa B. Taylor, attorney-in-fact for Robert L. Nardelli.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation.

Key Dates