BWX Technologies insider sale via cashless exercise — 2,092 shares on NYSE
Rhea-AI Filing Summary
BWX Technologies reported a proposed sale of 2,092 common shares by a person who acquired the shares through an employee stock option exercise. The shares were handled by Charles Schwab & Co., Inc. with an aggregate market value of $371,192 and the issuer's outstanding shares listed as 91,398,740. The transaction is described as a broker payment for a cashless exercise, and the notice states the seller represents they are not aware of any undisclosed material adverse information about the company.
The sale is reported under Rule 144 and the filer indicates no other sales in the past three months. The transaction and sale date are shown as 08/11/2025, and the shares were listed for sale on the NYSE.
Positive
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Negative
- None.
Insights
TL;DR Insider sold a small block of shares acquired by cashless exercise; transaction size is immaterial to outstanding stock.
The filing shows a 2,092-share disposition executed through Charles Schwab via a cashless exercise, with an aggregate value of $371,192. Against 91,398,740 shares outstanding, this represents roughly 0.0023% of the float, indicating limited direct market impact. The seller attests no undisclosed material adverse information and reports no other sales in the prior three months, which reduces immediate governance concerns. This is a routine Rule 144 notice rather than a material corporate event.
TL;DR Reported sale follows standard Rule 144 disclosure; documentation and broker execution align with typical insider compliance.
The form documents an insider-level sale tied to an employee stock option exercise and a broker cashless payment, with execution via Charles Schwab and listing on the NYSE. The filer affirms no known undisclosed adverse information and indicates no other recent disposals. From a governance perspective, the filing demonstrates procedural compliance with disclosure rules but does not by itself signal a change in company control or material risk.