BWX Technologies (BWXT) director receives new Dividend Equivalent Rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Krieg Kenneth J reported acquisition or exercise transactions in this Form 4 filing.
BWX Technologies, Inc. director Kenneth J. Krieg received a grant of 28.020 Dividend Equivalent Rights tied to existing deferred restricted stock units. After this award, he holds 1,420.220 of these rights. Each right represents a contingent right to receive one share of BWXT common stock, delivered in proportion to the related RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krieg Kenneth J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 28.02 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 1,420.22 shares (Direct)
Footnotes (1)
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Key Figures
Dividend Equivalent Rights granted: 28.020 rights
Total Dividend Equivalent Rights after grant: 1,420.220 rights
Underlying common stock equivalence: 1 DER = 1 share
3 metrics
Dividend Equivalent Rights granted
28.020 rights
Grant on 2026-03-27 as equity award
Total Dividend Equivalent Rights after grant
1,420.220 rights
Holdings following reported transaction
Underlying common stock equivalence
1 DER = 1 share
Each RSU and DER represent one BWXT common share
Key Terms
Dividend Equivalent Rights, restricted stock unit, contingent right, deferral election
4 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on nine 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
"accrued on nine restricted stock unit grants of which the reporting person has elected to defer"
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.
contingent right financial
"Each RSU and DER represent a contingent right to receive one share of BWXT common stock"
deferral election financial
"of which the reporting person has elected to defer receipt of the shares underlying the RSUs"
FAQ
What insider transaction did BWXT director Kenneth J. Krieg report?
Kenneth J. Krieg reported receiving 28.020 Dividend Equivalent Rights linked to previously granted restricted stock units. These rights are part of his equity-based compensation and increase his contingent entitlement to BWX Technologies, Inc. common stock without involving any open-market share purchases or sales.
How many Dividend Equivalent Rights does Kenneth J. Krieg hold after this BWXT Form 4?
Following the latest grant, Kenneth J. Krieg holds a total of 1,420.220 Dividend Equivalent Rights. Each right is tied to deferred restricted stock units and represents a contingent right to receive one share of BWX Technologies, Inc. common stock in the future, subject to the original award terms.
What are Dividend Equivalent Rights in the context of BWXT’s Form 4 filing?
Dividend Equivalent Rights are awards that mirror dividends on underlying restricted stock units. For BWXT, each right represents a contingent right to receive one share of common stock, accruing on existing RSU grants and delivered proportionately when the related RSUs are ultimately settled or distributed.