BWX Technologies (NYSE: BWXT) SVP converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BWX Technologies, Inc. senior vice president and chief digital officer Kurt A. Bender reported equity award activity. On February 26, 2026, he exercised derivative awards, converting 100 restricted stock units into 100 shares of common stock at a stated price of $0.0000 per share.
The filing also shows a disposition of 29 shares of common stock at $208.27 per share to cover tax obligations in connection with the award, leaving 71 common shares directly held after this tax-withholding transaction. The restricted stock units are scheduled to vest in three equal annual installments beginning on February 26, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
100 shares exercised/converted
Mixed
3 txns
Insider
Bender Kurt A.
Role
SVP & Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 100 | $0.00 | -- |
| Exercise | Common Stock | 100 | $0.00 | -- |
| Tax Withholding | Common Stock | 29 | $208.27 | $6K |
Holdings After Transaction:
Restricted Stock Units — 200 shares (Direct);
Common Stock — 100 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did BWXT executive Kurt A. Bender report on this Form 4?
Kurt A. Bender reported exercising derivative awards and related tax withholding. He converted 100 restricted stock units into 100 BWXT common shares at $0.0000 per share and had 29 common shares withheld at $208.27 per share to satisfy tax liabilities tied to the award.
What does transaction code M mean in Kurt A. Bender’s BWXT Form 4?
Transaction code M indicates an exercise or conversion of a derivative security. In this case, 100 restricted stock units were converted into 100 shares of BWXT common stock at a stated price of $0.0000 per share, reflecting equity compensation rather than an open-market purchase.
How do Kurt A. Bender’s BWXT restricted stock units vest over time?
The filing notes that Bender’s restricted stock units vest in three equal annual installments. Vesting begins on February 26, 2026, meaning one-third of the units vest each year on that date, subject to the award’s continued-service and other applicable conditions.