ROBERT L. DUFFY - 27 Feb 2024 Form 4 Insider Report for BWX Technologies, Inc. (BWXT)

Role: SVP and Chief Admin. Officer
Signature: /s/ Robert L. Duffy by Theresa B. Taylor, attorney-in-fact
Issuer symbol: BWXT
Transactions as of: 27 Feb 2024
Net transactions value: -$8,392
Form type: 4
Filing time: 29 Feb 2024, 16:43:01 UTC
Previous filing: 30 Aug 2023
Next filing: 04 Mar 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	+94	+2%	$0.000000	4,729	27 Feb 2024	Direct
transaction	BWXT	Common Stock	Tax liability	$8,392	-94	-2%	$89.28	4,635	27 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	-94	-4.1%	$0.000000	2,174	27 Feb 2024	Common Stock	94	$0.000000	Direct	F2

* 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 94 shares of common stock converted to pay taxes associated with the deferral by the reporting person of a portion of the Restricted Stock Unit ("RSU") award vesting on February 27, 2024.
F2	RSUs vest in three equal annual installments beginning February 27, 2024. Each RSU represents the right to receive one share of the issuer's common stock. 756 of the RSUs vested on February 27, 2024, but the reporting person elected to defer receipt of shares underlying his vested RSUs. In accordance with his deferral election, vested shares will be delivered to the reporting person in a lump sum four years after termination of his employment with the issuer. 94 of the vested RSUs were converted to common stock to pay taxes associated with the deferral.

Content

The reported transaction includes the withholding of 94 shares of common stock converted to pay taxes associated with the deferral by the reporting person of a portion of the Restricted Stock Unit ("RSU") award vesting on February 27, 2024.

RSUs vest in three equal annual installments beginning February 27, 2024. Each RSU represents the right to receive one share of the issuer's common stock. 756 of the RSUs vested on February 27, 2024, but the reporting person elected to defer receipt of shares underlying his vested RSUs. In accordance with his deferral election, vested shares will be delivered to the reporting person in a lump sum four years after termination of his employment with the issuer. 94 of the vested RSUs were converted to common stock to pay taxes associated with the deferral.