[Form 4] BWX Technologies, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Melvin Leland D reported acquisition or exercise transactions in this Form 4 filing.
BWX Technologies, Inc. director Melvin Leland received a grant of 10.95 Dividend Equivalent Rights (DERs) linked to existing restricted stock units. Following this grant, he holds 215.34 DERs directly. Each RSU and DER is a contingent right to receive one share of BWXT common stock, and, under his deferral election, the DERs will be delivered proportionately when the related RSUs are ultimately settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Melvin Leland D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 10.95 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 215.34 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did BWXT director Melvin Leland report?
BWXT director Melvin Leland reported receiving 10.95 Dividend Equivalent Rights as a compensation-related award. These rights are tied to previously granted restricted stock units and increase his contingent entitlement to BWX Technologies common stock over time, without representing an open-market share purchase.
How many Dividend Equivalent Rights does Melvin Leland hold after this BWXT Form 4?
After this transaction, Melvin Leland holds 215.34 Dividend Equivalent Rights directly. Each right corresponds to one potential share of BWX Technologies common stock, to be delivered proportionately as the related restricted stock units are ultimately settled under his existing deferral election.
What are Dividend Equivalent Rights in the BWXT Form 4 filing?
Dividend Equivalent Rights are awards that mirror dividends on underlying restricted stock units by accruing additional share-based rights. In this BWXT filing, each DER represents a contingent right to receive one share of common stock, delivered proportionately with the restricted stock units to which the rights relate.
Are Melvin Leland’s BWXT Dividend Equivalent Rights an open-market stock purchase?
No, the BWXT Dividend Equivalent Rights are not an open-market stock purchase. They are a grant classified as a compensation-related acquisition, accruing on deferred restricted stock units and providing additional contingent rights to common shares rather than reflecting a cash transaction in the market.
How are BWXT Dividend Equivalent Rights delivered to Melvin Leland?
The Dividend Equivalent Rights will be delivered to Melvin Leland proportionately with the restricted stock units to which they relate. Under his deferral election, both RSUs and DERs convert into BWX Technologies common stock over time, matching the original RSU settlement schedule described in the filing.