BWX Technologies (BWXT) director awarded 762 RSUs with deferred share delivery
Filing Impact
Filing Sentiment
Form Type
4
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 762 restricted stock units (RSUs) on BWXT common stock as board compensation. The RSUs vested immediately, but he elected to defer delivery of the underlying 762 shares until a lump-sum payment after his service on the Board of Directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richardson John M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 762 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 762 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock units pursuant to the 2020 Omnibus Incentive Plan of BWX Technologies, Inc. Each restricted stock unit represents a contingent right to receive one share of BWXT common stock. RSUs vested immediately. The reporting person elected to defer receipt of shares underlying the RSUs. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum following termination of service on the Board of Directors.
Key Figures
RSUs granted: 762 units
RSU grant price: $0.00 per unit
RSUs outstanding after grant: 762 units
+1 more
4 metrics
RSUs granted
762 units
Restricted stock unit award on BWXT common stock
RSU grant price
$0.00 per unit
Grant/award acquisition; no cash paid by director
RSUs outstanding after grant
762 units
Total restricted stock units held following this transaction
Underlying common shares
762 shares
Each RSU represents one BWXT common share deliverable later
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, contingent right to receive one share, deferral election, +1 more
5 terms
Restricted Stock Units financial
"Grant of restricted stock units pursuant to the 2020 Omnibus Incentive Plan"
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.
2020 Omnibus Incentive Plan financial
"Grant of restricted stock units pursuant to the 2020 Omnibus Incentive Plan of BWX Technologies, Inc."
deferral election financial
"The reporting person elected to defer receipt of shares underlying the RSUs"
termination of service on the Board of Directors financial
"Vested shares will be delivered ... following termination of service on the Board of Directors"