Form 4: Director Leland Melvin Reports Dividend Equivalent Rights Acquisition in BWX Technologies

Leland Melvin, a director of BWX Technologies, reported the acquisition of dividend equivalent rights related to restricted stock units.

Summary

• On March 28, 2025, Leland Melvin, a director of BWX Technologies, Inc. (BWXT), reported the acquisition of 16.87 dividend equivalent rights (DER) related to previously granted restricted stock units (RSUs).
• These DERs accrued on three restricted stock unit grants for which Mr. Melvin has elected to defer 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 Mr. Melvin proportionately with the RSUs to which they relate.
• Following the transaction, Mr. Melvin beneficially owns 164.6 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports routine transactions related to executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of dividend equivalent rights, which are common in executive compensation packages.

Stakeholder Impact

• The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders.
• It reflects ongoing compensation arrangements for company directors.

Key Dates

Keywords

BWX Technologies, BWXT, Leland Melvin, Director, Dividend Equivalent Rights, DER, Restricted Stock Units, RSU, Beneficial Ownership, Form 4