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

Director Robert L. Nardelli reports acquisition of 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 dividend equivalent rights (DERs) on June 6, 2024.
• The DERs accrued on eleven restricted stock unit (RSU) grants for which Nardelli has elected to defer receipt of the underlying shares.
• A total of 81.22 dividend equivalent rights were acquired at a price of $0.
• Following the transaction, Nardelli beneficially owns 2,208.91 derivative securities.
• Each RSU and DER represents a contingent right to receive one share of BWXT common stock, and the DERs will be delivered proportionately with the RSUs to which they relate.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding a director's acquisition of dividend equivalent rights, indicating a neutral sentiment.

Industry Context

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

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects the director's stake in the company's performance.

Key Dates