John A. Fees - Dec 10, 2021 Form 4 Insider Report for BWX Technologies, Inc. (BWXT)

Role: Director
Signature: /s/ John A. Fees, by Theresa B. Taylor, attorney-in-fact
Stock symbol: BWXT
Transactions as of: Dec 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/14/2021, 03:51 PM
Previous filing: Dec 3, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWXT	Common Stock	Options Exercise	$0	+10	+0.02%	$0.00	49K	Dec 10, 2021	Direct

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	Dividend Equivalent Rights	Award	$0	+119	+7.62%	$0.00	1.68K	Dec 10, 2021	Common Stock	119		Direct	F1
transaction	BWXT	Dividend Equivalent Rights	Options Exercise	$0	-10	-0.59%	$0.00	1.67K	Dec 10, 2021	Common Stock	10		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The dividend equivalent rights accrued on nine restricted stock unit grants of which the reporting person has elected to defer receipt of the shares underlying the RSUs. Each RSU and DER represent a contingent right to receive one share of BWXT common stock. In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately with the RSUs to which they relate.
F2	The dividend equivalent rights accrued on the restricted stock unit grants of which the reporting person deferred receipt of the shares underlying the RSU. Each DER represents a contingent right to receive one share of BWXT common stock. Since the reporting person's deferral election to receive shares on December 1, 2021 occurred between the company's fourth quarter 2021 dividend record and payment dates, the DERs for this dividend payment were delivered to the reporting person on December 10, 2021, the dividend payment date.

Content

The dividend equivalent rights accrued on nine restricted stock unit grants of which the reporting person has elected to defer receipt of the shares underlying the RSUs. Each RSU and DER represent a contingent right to receive one share of BWXT common stock. In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately with the RSUs to which they relate.

The dividend equivalent rights accrued on the restricted stock unit grants of which the reporting person deferred receipt of the shares underlying the RSU. Each DER represents a contingent right to receive one share of BWXT common stock. Since the reporting person's deferral election to receive shares on December 1, 2021 occurred between the company's fourth quarter 2021 dividend record and payment dates, the DERs for this dividend payment were delivered to the reporting person on December 10, 2021, the dividend payment date.