Director at BWX Technologies (NYSE: BWXT) granted dividend rights

Rhea-AI Filing Summary

Bertsch Jan reported acquisition or exercise transactions in this Form 4 filing.

BWX Technologies, Inc. director Jan Bertsch received a grant of 31.5 Dividend Equivalent Rights tied to previously awarded restricted stock units. Each right represents a contingent right to receive one share of BWXT common stock. After this compensation-related award, Bertsch directly holds 2,207.01 Dividend Equivalent Rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bertsch Jan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	31.5	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 2,207.01 shares (Direct)

Footnotes (1)

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Key Figures

Dividend Equivalent Rights granted: 31.5 rights Total Dividend Equivalent Rights after grant: 2,207.01 rights Underlying common stock per right: 1 share per right

3 metrics

Dividend Equivalent Rights granted 31.5 rights Grant on 2026-03-27 tied to RSUs

Total Dividend Equivalent Rights after grant 2,207.01 rights Direct holdings following reported transaction

Underlying common stock per right 1 share per right Each DER and RSU represents one BWXT common share

Key Terms

Dividend Equivalent Rights, restricted stock unit, deferral election, contingent right, +1 more

5 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

"accrued on eight 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.

deferral election financial

"In accordance with the deferral election, the DERs will be delivered to the reporting person"

contingent right financial

"Each RSU and DER represent a contingent right to receive one share"

BWXT common stock financial

"a contingent right to receive one share of BWXT common stock"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bertsch Jan

(Last) (First) (Middle)

800 MAIN STREET

4TH FLOOR

(Street)

LYNCHBURG VIRGINIA 24504

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BWX Technologies, Inc. [ BWXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	03/27/2026		A		31.5		(1)	(1)	Common Stock	31.5	$0	2,207.01	D

Explanation of Responses:

1. The dividend equivalent rights accrued on eight 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.

Remarks:

	/s/ Jan A. Bertsch, by Theresa B. Taylor, attorney-in-fact	03/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BWX Technologies (BWXT) director Jan Bertsch report?

Jan Bertsch reported receiving 31.5 Dividend Equivalent Rights as a compensation-related grant. These rights are linked to earlier restricted stock unit awards and convert into BWX Technologies common stock on a one-for-one basis when the related units are delivered.

What are Dividend Equivalent Rights in the BWXT Form 4 filing?

Dividend Equivalent Rights are compensation instruments that mirror dividends on deferred restricted stock units. For this BWXT filing, each right represents a contingent right to receive one share of BWX Technologies common stock when the underlying RSUs are ultimately settled and delivered to the director.

How many Dividend Equivalent Rights does Jan Bertsch hold after this BWXT transaction?

Following the reported grant, Jan Bertsch directly holds 2,207.01 Dividend Equivalent Rights. Each right corresponds to a potential future share of BWX Technologies common stock, delivered proportionately with the related restricted stock units under the director’s deferral election.

Was the BWXT insider transaction an open-market buy or sell of shares?

No, the BWXT transaction was not an open-market trade. It reflects a grant of 31.5 Dividend Equivalent Rights as part of director compensation, tied to deferred restricted stock units, rather than a purchase or sale of BWX Technologies shares in the public market.

How are the BWXT Dividend Equivalent Rights delivered to Jan Bertsch?

The Dividend Equivalent Rights will be delivered proportionately with the restricted stock units to which they relate. Under the deferral election, both the RSUs and associated rights convert into BWX Technologies common stock when those deferred RSU grants are ultimately settled and distributed.