Form 4: BWX Technologies Executive Reports Stock Transactions
SEC Form 4 Filing
Omar Fathi Meguid, SVP and Chief Digital Officer of BWX Technologies, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 27, 2024, Omar Fathi Meguid, SVP and Chief Digital Officer of BWX Technologies, Inc. (BWXT), reported transactions involving BWXT common stock.
- Meguid acquired 411 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0.
- Simultaneously, 118 shares were disposed of to cover tax obligations at a price of $89.28 per share.
- Following these transactions, Meguid directly owns 2,261 shares of BWXT common stock and 822 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transactions (vesting of RSUs and disposal of shares). |
| 02/27/2024 | First vesting date of the Restricted Stock Units. |
| 02/27/2026 | Expiration date of the Restricted Stock Units. |
| 02/29/2024 | Date of Form 4 filing. |
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