BWX Technologies (NYSE: BWXT) director reports new dividend equivalent rights

Rhea-AI Filing Summary

BWX Technologies, Inc. director reports additional stock-linked rights. On 12/10/2025, a reporting person who serves as a director of BWX Technologies, Inc. (ticker BWXT) acquired 17.69 dividend equivalent rights tied to existing restricted stock unit (RSU) awards. Each RSU and each dividend equivalent right represents a contingent right to receive one share of BWXT common stock, with no cash exercise price.

The director has elected to defer receipt of the shares underlying these RSUs, and the related dividend equivalent rights will be delivered proportionately as the deferred RSUs are settled. Following this transaction, the director beneficially owned 741.34 dividend equivalent rights on a direct basis.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burbach Gerhard F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	17.69	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 741.34 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Burbach Gerhard F

(Last) (First) (Middle)

800 MAIN STREET

4TH FLOOR

(Street)

LYNCHBURG VA 24504

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	12/10/2025		A		17.69		(1)	(1)	Common Stock	17.69	$0	741.34	D

Explanation of Responses:

1. The dividend equivalent rights accrued on six 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:

	/s/ Gerhard F. Burbach, by Theresa B. Taylor, attorney-in-fact	12/12/2025
	** 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.

FAQ

What insider transaction did BWX Technologies (BWXT) report in this Form 4?

The filing reports that a BWX Technologies director acquired 17.69 dividend equivalent rights on 12/10/2025 related to existing restricted stock unit grants.

What are the dividend equivalent rights reported for BWXT in this filing?

Each dividend equivalent right represents a contingent right to receive one share of BWXT common stock, mirroring the value of dividends on the underlying RSUs.

How many BWXT dividend equivalent rights does the reporting person hold after this transaction?

After the reported transaction, the reporting person beneficially owned 741.34 dividend equivalent rights on a direct basis.

Are the BWXT shares underlying these RSUs and dividend equivalent rights deferred?

Yes. The reporting person elected to defer receipt of the shares underlying six restricted stock unit grants, and the related dividend equivalent rights will be delivered proportionately with those RSUs.

Does the reporting person have to pay anything to receive the BWXT shares from these rights?

No. The filing shows a price of $0 for the dividend equivalent rights, indicating no cash exercise price to receive the underlying BWXT common shares when delivered.

What is the relationship of the reporting person to BWX Technologies (BWXT)?

The filing identifies the reporting person as a director of BWX Technologies, Inc., with the Form 4 filed for one reporting person.