BWX director granted 35.47 dividend rights

BWX Technologies director Jan Bertsch reported an acquisition of 35.47 Dividend Equivalent Rights (DERs) tied to existing restricted stock units.

Rhea-AI Filing Summary

BWX Technologies director Jan Bertsch reported an acquisition of 35.47 Dividend Equivalent Rights (DERs) tied to existing restricted stock units. These DERs were granted at an exercise price of $0.00 and increase her directly held DER balance to 2,242.48 units.

According to the disclosure, the DERs accrue on nine restricted stock unit grants for which she has elected to defer receipt of the underlying shares. Each RSU and each DER represents a contingent right to receive one share of BWX common stock, and the DERs will be delivered proportionately with the related deferred RSUs.

Insider Trade Summary

Grant/Award: 35.47 shares

Grant/Award 1 txn

Insider Bertsch Jan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	35.47	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 2,242.48 contracts (Direct)

Footnotes (1)

1. F1. The dividend equivalent rights accrued on nine 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.

Key Figures

Dividend Equivalent Rights granted: 35.47 units Total DERs after transaction: 2,242.48 units Exercise price of DERs: $0.00 per unit +2 more

5 metrics

Dividend Equivalent Rights granted 35.47 units Grant on 2026-06-05 to director Jan Bertsch

Total DERs after transaction 2,242.48 units Direct holdings following the award

Exercise price of DERs $0.00 per unit Dividend Equivalent Rights grant terms

Underlying common stock per DER 1 share per DER Each DER represents one BWXT common share

Number of related RSU grants 9 grants DERs accrue on nine RSU grants with deferral election

Key Terms

Dividend Equivalent Rights, restricted stock unit, contingent right, deferral election

4 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on nine 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

"The dividend equivalent rights accrued on nine restricted stock unit grants"

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.

contingent right financial

"Each RSU and DER represent a contingent right to receive one share"

deferral election financial

"In accordance with the deferral election, the DERs will be delivered"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BWX Technologies (BWXT) report for Jan Bertsch?

BWX Technologies reported that director Jan Bertsch received 35.47 Dividend Equivalent Rights as a grant. These derivative rights are tied to previously awarded restricted stock units and increase her directly held DER balance to 2,242.48 units at an exercise price of $0.00.

What are Dividend Equivalent Rights in the BWXT Form 4 filing?

Dividend Equivalent Rights are derivative awards that track dividends on restricted stock units. In this filing, each DER represents a contingent right to receive one BWX Technologies common share, matching the related RSUs, and will be delivered proportionately when the corresponding deferred RSUs are settled.

How many BWXT Dividend Equivalent Rights does Jan Bertsch hold after this transaction?

After receiving 35.47 additional Dividend Equivalent Rights, Jan Bertsch holds a total of 2,242.48 DERs directly. Each of these rights corresponds to one potential BWX Technologies common share, aligned with the underlying restricted stock units described in the filing footnote.

Does the BWXT insider transaction involve an open-market buy or sell of shares?

No, the transaction is a grant of 35.47 Dividend Equivalent Rights, not an open-market trade. It is classified as a derivative award acquisition with a transaction code of “A,” reflecting compensation-related accruals on existing restricted stock units rather than a market purchase or sale.

How are the BWXT Dividend Equivalent Rights delivered to Jan Bertsch?

The Dividend Equivalent Rights will be delivered proportionately with the restricted stock units to which they relate. Because Jan Bertsch elected to defer receipt of the RSU shares, the DERs will also be paid out on the same deferred schedule as those underlying RSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/09/2026 - 04:16 PM Learn about SEC filing dates

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^*

Bertsch Jan

(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)
06/05/2026

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)	06/05/2026		A		35.47		(1)	(1)	Common Stock	35.47	$0	2,242.48	D

Explanation of Responses:

1. The dividend equivalent rights accrued on nine 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:

Exhibit 24 - Power of Attorney

	/s/ Jan A. Bertsch, by Alexander D. Cobey, attorney-in-fact	06/09/2026
	** 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)