BWX Technologies (BWXT) executive reports RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BWX Technologies, Inc. executive Joseph Kirwan Miller reported routine equity compensation activity. He acquired 237 shares of common stock through the vesting and conversion of Restricted Stock Units and had 106 shares withheld in a tax-withholding disposition at a reference price of $194.65 per share. After these transactions, he directly holds 5,348 common shares, while 474 RSUs remain outstanding and are scheduled to vest in three equal annual installments beginning July 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
237 shares exercised/converted
Mixed
3 txns
Insider
Miller Joseph Kirwan
Role
Pres., Government Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 237 | $0.00 | -- |
| Exercise | Common Stock | 237 | $0.00 | -- |
| Tax Withholding | Common Stock | 106 | $194.65 | $21K |
Holdings After Transaction:
Restricted Stock Units — 474 shares (Direct, null);
Common Stock — 5,348 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 106 shares
RSU-derived shares: 237 shares
Post-transaction common shares: 5,348 shares
+2 more
5 metrics
Tax-withholding shares
106 shares
Common Stock delivered for tax obligations at $194.65 per share
RSU-derived shares
237 shares
Common Stock acquired via exercise/conversion of Restricted Stock Units
Post-transaction common shares
5,348 shares
Direct BWXT common stock holdings after transactions
Remaining RSUs
474 units
Restricted Stock Units outstanding after the reported conversion
Tax-withholding reference price
$194.65 per share
Price used in the tax-withholding disposition of 106 shares
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
RSUs vest in three equal annual installments financial
"RSUs vest in three equal annual installments beginning July 1, 2026."
FAQ
What insider transactions did BWXT executive Joseph Kirwan Miller report?
He reported routine equity compensation activity, including 237 BWXT common shares acquired from Restricted Stock Units and 106 shares used in a tax-withholding disposition. These transactions reflect RSU vesting rather than open-market buying or selling.
What Restricted Stock Unit position does Joseph Kirwan Miller retain at BWXT?
After the RSU conversion, he retains 474 Restricted Stock Units. According to the filing footnote, these RSUs are scheduled to vest in three equal annual installments beginning July 1, 2026, providing ongoing equity-based compensation.
What does the tax-withholding disposition in the BWXT Form 4 mean?
The tax-withholding disposition reflects 106 shares delivered to cover tax liabilities tied to equity compensation. It is coded as an F transaction and does not represent an open-market sale but a standard mechanism for paying required taxes.
How many derivative exercises were reported in this BWXT Form 4?
The filing shows one derivative exercise transaction involving 237 Restricted Stock Units converting into an equal number of BWXT common shares. This is a compensation-related event, recorded with transaction code M and a transaction price per share of $0.0000.