Form 4: BWX Technologies SVP LeMasters Reports Stock Transactions
SEC Form 4
Robb A. LeMasters, SVP & Chief Financial Officer of BWX Technologies, reports transactions involving common stock and restricted stock units.
Summary
- On February 25, 2024, Robb A. LeMasters, SVP & Chief Financial Officer of BWX Technologies, engaged in transactions involving the company's common stock and restricted stock units (RSUs).
- LeMasters acquired 3,847 shares of common stock and disposed of 1,765 shares to cover taxes at a price of $89.83 per share.
- He also converted 989, 2,802, and 56 restricted stock units into common stock.
- Additionally, he acquired 1,380 restricted stock units.
- Following these transactions, LeMasters directly owns 30,037 shares of BWX Technologies common stock and 1,324 restricted stock units.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing reflecting insider transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The reporting person elected to defer receipt of shares underlying 1,380 of his vested PRSUs. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments following termination of his employment with the issuer.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date of performance restricted stock units ('PRSUs') award for the performance period January 1, 2021 through December 31, 2023. |
| 01/01/2021 | Start of performance period for performance restricted stock units ('PRSUs') awarded on February 25, 2021. |
| 12/31/2023 | End of performance period for performance restricted stock units ('PRSUs') awarded on February 25, 2021. |
| 02/23/2024 | Performance goals for PRSUs awarded on February 25, 2021 were achieved and certified. |
| 02/25/2024 | Date of transactions involving common stock and restricted stock units. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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