Form 4: BWX Technologies Executive Receives Dividend Equivalent Rights on Deferred Stock Units

Kenneth J. Krieg, an executive at BWX Technologies, has accrued dividend equivalent rights on previously deferred restricted stock units.

Summary

• Kenneth J. Krieg, an executive at BWX Technologies, has received dividend equivalent rights (DERs) related to nine restricted stock unit (RSU) grants.
• These DERs represent a contingent right to receive one share of BWXT common stock for each RSU.
• The DERs will be delivered to Mr. Krieg proportionately with the RSUs to which they relate, as per his deferral election.
• The price of the common stock at the time of the transaction was $40.94 per share.
• The total value of the dividend equivalent rights is $1237.77.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of executive compensation, which is neither positive nor negative for the company's overall performance. It is a standard practice and expected.

Industry Context

This filing is a routine disclosure related to executive compensation practices, which are common in publicly traded companies.

Comparison to Industry Standards

• The granting of dividend equivalent rights on deferred stock units is a common practice among publicly traded companies to ensure executives receive the full value of their equity compensation.
• Many companies in the defense and nuclear industries, such as Lockheed Martin and General Dynamics, use similar equity compensation structures.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the company's executive compensation plan.

Key Dates

Keywords

Dividend Equivalent Rights, Restricted Stock Units, BWX Technologies, Executive Compensation, Stock Deferral, Equity