Robb A. LeMasters - 25 Feb 2024 Form 4 Insider Report for BWX Technologies, Inc. (BWXT)

Role: SVP & Chief Financial Officer
Signature: /s/ Robb A. LeMasters, by Theresa B. Taylor, attorney-in-fact
Issuer symbol: BWXT
Transactions as of: 25 Feb 2024
Net transactions value: -$158,550
Form type: 4
Filing time: 27 Feb 2024, 16:55:31 UTC
Previous filing: 21 Feb 2024
Next filing: 29 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWXT	Common Stock	Options Exercise	$0	+3,847	+14%	$0.000000	31,802	25 Feb 2024	Direct
transaction	BWXT	Common Stock	Tax liability	$158,550	-1,765	-5.5%	$89.83	30,037	25 Feb 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BWXT	Restricted Stock Units	Options Exercise	$0	-989	-100%	$0.000000^*	0	25 Feb 2024	Common Stock	989	$0.000000	Direct	F2
transaction	BWXT	Restricted Stock Units	Options Exercise	$0	-2,802	-100%	$0.000000^*	0	25 Feb 2024	Common Stock	2,802	$0.000000	Direct	F3
transaction	BWXT	Restricted Stock Units	Award	$0	+1,380		$0.000000	1,380	25 Feb 2024	Common Stock	1,380	$0.000000	Direct	F4
transaction	BWXT	Restricted Stock Units	Options Exercise	$0	-56	-4.1%	$0.000000	1,324	25 Feb 2024	Common Stock	56	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction includes the withholding of 56 shares of common stock converted to pay taxes associated with the deferral by the reporting person of a portion of the Performance Restricted Stock Unit ("PRSU") award vesting on February 25, 2024.
F2	RSUs vest in three equal annual installments beginning February 25, 2022.
F3	Represents a portion of the performance restricted stock units ('PRSUs') awarded on February 25, 2021 for the performance period January 1, 2021 through December 31, 2023 for which performance goals have been achieved and certified on February 23, 2024. Each PRSU represents the right to one share of the issuer's common stock. The PRSU vested on February 25, 2024.
F4	Represents a portion of the performance restricted stock units ('PRSUs') awarded on February 25, 2021 for the performance period January 1, 2021 through December 31, 2023 for which performance goals have been achieved and certified on February 23, 2024. Each PRSU represents the right to one share of the issuer's common stock. The PRSUs vested on February 25, 2024, but 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. 56 of the vested PRSUs were converted to common stock to pay taxes associated with the deferral.