BWX Technologies (BWXT) director receives grant of dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JASKA JAMES M reported acquisition or exercise transactions in this Form 4 filing.
BWX Technologies director James M. Jaska received a grant of dividend equivalent rights tied to existing deferred restricted stock units. On the transaction date, he was awarded 23.95 dividend equivalent rights at a price of $0.00 per right, increasing his total to 1,110.39 such rights. Each dividend equivalent right and related restricted stock unit represents a contingent right to receive one share of BWX common stock, delivered in proportion to the underlying RSUs according to his deferral election. This filing reflects routine equity-based compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JASKA JAMES M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 23.95 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 1,110.39 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent rights granted: 23.95 rights
Dividend equivalent rights after transaction: 1,110.39 rights
Transaction price per right: $0.00 per right
+1 more
4 metrics
Dividend equivalent rights granted
23.95 rights
Grant to director on 2026-06-05
Dividend equivalent rights after transaction
1,110.39 rights
Total derivative holdings following grant
Transaction price per right
$0.00 per right
Grant/award acquisition, not market trade
Underlying common stock per right
1 share per right
Each DER and RSU equals one BWX common share
Key Terms
Dividend Equivalent Rights, restricted stock unit, deferral election
3 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on eight restricted stock unit grants..."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock unit financial
"The dividend equivalent rights accrued on eight restricted stock unit grants..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
deferral election financial
"In accordance with the deferral election, the DERs will be delivered..."
FAQ
What insider transaction did BWX Technologies (BWXT) director James Jaska report?
Director James M. Jaska reported an acquisition of 23.95 dividend equivalent rights. These rights are part of his equity compensation and are tied to existing restricted stock units, rather than an open-market purchase or sale of BWX Technologies common stock.
What are dividend equivalent rights in the BWXT Form 4 filing?
Dividend equivalent rights give the holder a contingent right to BWX common shares mirroring dividends on underlying RSUs. In this filing, each dividend equivalent right and restricted stock unit represents one BWX common share, delivered together according to the director’s deferral election terms.
How many dividend equivalent rights does the BWXT director hold after this grant?
After the 23.95-unit grant, director James M. Jaska holds 1,110.39 dividend equivalent rights. These rights will be delivered proportionately with the related restricted stock units, each representing a contingent right to receive one share of BWX Technologies common stock in the future.
Was there any open-market buying or selling of BWXT stock in this Form 4?
No open-market trading occurred in this Form 4. The reported transaction is a grant of 23.95 dividend equivalent rights with a transaction price of $0.00 per right, reflecting routine equity compensation rather than a market purchase or sale of BWX Technologies shares.
How are the BWXT dividend equivalent rights linked to restricted stock units?
The dividend equivalent rights accrued on eight restricted stock unit grants for which the director deferred share receipt. Each right and each RSU equals one BWX common share, and the rights will be delivered proportionately with the corresponding RSUs under his deferral election.