Director at BWX Technologies (NYSE: BWXT) awarded new dividend rights

Rhea-AI Filing Summary

Richardson John M reported acquisition or exercise transactions in this Form 4 filing.

BWX Technologies director John M. Richardson received a grant of 11.73 Dividend Equivalent Rights (DERs) tied to existing restricted stock units. Each DER represents a contingent right to receive one share of BWX Technologies common stock, mirroring dividends on deferred RSUs.

Following this grant, Richardson holds 323.96 Dividend Equivalent Rights directly. The DERs will be delivered proportionately with the underlying restricted stock units, reflecting a routine, compensation-related equity accrual rather than any open-market trading activity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Richardson John M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	11.73	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 323.96 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 11.73 rights Dividend Equivalent Rights after transaction: 323.96 rights DER-to-share ratio: 1 DER : 1 share

3 metrics

Dividend Equivalent Rights granted 11.73 rights Grant to director John M. Richardson on March 27, 2026

Dividend Equivalent Rights after transaction 323.96 rights Total DERs held directly following the grant

DER-to-share ratio 1 DER : 1 share Each DER and RSU represent a contingent right to one BWXT common share

Key Terms

Dividend Equivalent Rights, restricted stock unit, deferral election

3 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on four 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 four 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"

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^*

Richardson John M

(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		11.73		(1)	(1)	Common Stock	11.73	$0	323.96	D

Explanation of Responses:

1. The dividend equivalent rights accrued on four 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/ John M. Richardson, 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) disclose for John M. Richardson?

BWX Technologies disclosed that director John M. Richardson received 11.73 Dividend Equivalent Rights. These derivative awards track dividends on deferred restricted stock units and will convert into common shares when the related RSUs are ultimately delivered.

How many Dividend Equivalent Rights does John M. Richardson hold after this BWXT Form 4?

After the reported transaction, John M. Richardson holds 323.96 Dividend Equivalent Rights. Each right corresponds to one share of BWX Technologies common stock, contingent on the delivery terms of the related restricted stock units.

What are Dividend Equivalent Rights in the BWXT insider filing?

Dividend Equivalent Rights are derivative awards that accrue on restricted stock units as if dividends were paid. For BWX Technologies, each DER represents a contingent right to receive one share of common stock alongside the associated RSU delivery schedule.

Was the BWX Technologies (BWXT) Form 4 a market purchase or sale?

The Form 4 did not report any market purchases or sales. It showed an acquisition of 11.73 Dividend Equivalent Rights as a compensation-related grant, not an open-market buy or sell transaction in BWX Technologies common stock.

How are the new Dividend Equivalent Rights delivered to John M. Richardson at BWXT?

The new Dividend Equivalent Rights will be delivered proportionately with the restricted stock units to which they relate. Because Richardson elected to defer the RSU shares, the DERs will likewise be delivered on the same deferred schedule.