Robb A. LeMasters - Feb 25, 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
Stock symbol
BWXT
Transactions as of
Feb 25, 2024
Transactions value $
-$158,550
Form type
4
Date filed
2/27/2024, 04:55 PM
Previous filing
Feb 21, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWXT Common Stock Options Exercise $0 +3.85K +13.76% $0.00 31.8K Feb 25, 2024 Direct
transaction BWXT Common Stock Tax liability -$159K -1.77K -5.55% $89.83 30K Feb 25, 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% $0.00* 0 Feb 25, 2024 Common Stock 989 $0.00 Direct F2
transaction BWXT Restricted Stock Units Options Exercise $0 -2.8K -100% $0.00* 0 Feb 25, 2024 Common Stock 2.8K $0.00 Direct F3
transaction BWXT Restricted Stock Units Award $0 +1.38K $0.00 1.38K Feb 25, 2024 Common Stock 1.38K $0.00 Direct F4
transaction BWXT Restricted Stock Units Options Exercise $0 -56 -4.06% $0.00 1.32K Feb 25, 2024 Common Stock 56 $0.00 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.