Richard W. Loving - Mar 1, 2022 Form 4 Insider Report for BWX Technologies, Inc. (BWXT)

Role
SVP and CAO
Signature
/s/ Richard W. Loving, by Theresa B. Taylor, attorney-in-fact
Stock symbol
BWXT
Transactions as of
Mar 1, 2022
Transactions value $
-$216,198
Form type
4
Date filed
3/3/2022, 04:48 PM
Previous filing
Jul 7, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWXT Common Stock Options Exercise $0 +1.11K +7.78% $0.00 15.4K Mar 1, 2022 Direct
transaction BWXT Common Stock Tax liability -$25.7K -475 -3.08% $54.04 14.9K Mar 1, 2022 Direct
transaction BWXT Common Stock Award $0 +7.09K +47.49% $0.00 22K Mar 1, 2022 Direct F1
transaction BWXT Common Stock Tax liability -$173K -3.2K -14.52% $54.04 18.8K Mar 1, 2022 Direct
transaction BWXT Common Stock Sale -$17.7K -300 -1.59% $58.85 18.5K Mar 1, 2022 Direct F2
holding BWXT Common Stock 5.27K Mar 1, 2022 401(k) Plan F3

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 -1.11K -100% $0.00* 0 Mar 1, 2022 Common Stock 1.11K $0.00 Direct F4
transaction BWXT Restricted Stock Units Options Exercise $0 -7.09K -100% $0.00* 0 Mar 1, 2022 Common Stock 7.09K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance restricted stock units ("PRSU") awarded on March 1, 2019 for the performance period January 1, 2019 through December 31, 2021 for which performance goals have been achieved and certified on February 18, 2022. Each PRSU represents the right to one share of the issuer's common stock. The PRSUs vested on March 1, 2022.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 2, 2020.
F3 Based on number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of December 31, 2021.
F4 Restricted stock units vested in three equal annual installments beginning March 1, 2020.