BWX Technologies director granted dividend rights
Richardson John M reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Richardson John M reported acquisition or exercise transactions in this Form 4 filing.
BWX Technologies, Inc. director John M. Richardson received a grant of 13.910 Dividend Equivalent Rights on 2026-06-05, bringing his total to 337.870 DERs. These rights accrue on deferred restricted stock units, with each RSU and DER representing a contingent right to receive one share of BWXT common stock, delivered proportionately under his deferral election.
Insider Trade Summary
Grant/Award: 13.91 shares
Grant/Award
1 txn
Insider
Richardson John M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 13.91 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 337.87 contracts (Direct)
Holdings Before and After:
Dividend Equivalent Rights, 323.96 to 337.87 contracts (Direct)
Footnotes (1)
- F1. The dividend equivalent rights accrued on five 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: 13.910 rights
Total DERs after transaction: 337.870 rights
Exercise price of DERs: $0.0000 per right
+2 more
5 metrics
Dividend Equivalent Rights granted
13.910 rights
Grant to John M. Richardson on 2026-06-05
Total DERs after transaction
337.870 rights
John M. Richardson holdings following grant
Exercise price of DERs
$0.0000 per right
Conversion or exercise price for Dividend Equivalent Rights
Underlying common stock per unit
1 share per RSU/DER
Each RSU and DER equals one BWXT common share
Transaction type
Grant/award acquisition (Code A)
Derivative award of Dividend Equivalent Rights
Key Terms
Dividend Equivalent Rights, restricted stock unit, contingent right, deferral election
4 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on five 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 five 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 John M. Richardson?
BWX Technologies reported that director John M. Richardson received a grant of 13.910 Dividend Equivalent Rights. These rights accrue on previously granted restricted stock units for which he elected to defer receipt of underlying common shares.
How many Dividend Equivalent Rights does John M. Richardson hold after this BWXT Form 4?
After the reported grant, John M. Richardson beneficially holds 337.870 Dividend Equivalent Rights. These derivative interests are tied to deferred restricted stock units, each representing a contingent right to receive one share of BWX Technologies common stock in the future.
What are Dividend Equivalent Rights in the BWX Technologies Form 4 filing?
Dividend Equivalent Rights are derivative interests that accrue on restricted stock unit grants. For BWX Technologies, each Dividend Equivalent Right mirrors an RSU and represents a contingent right to receive one BWXT common share, typically delivered alongside the related RSUs under the holder’s election.
How do BWXT restricted stock units and Dividend Equivalent Rights convert into common stock?
Each restricted stock unit and its corresponding Dividend Equivalent Right represent a contingent right to receive one share of BWX Technologies common stock. Under John M. Richardson’s deferral election, the Dividend Equivalent Rights will be delivered proportionately as the related RSUs are settled.
What does the deferral election mean in BWXT’s insider award to John M. Richardson?
John M. Richardson elected to defer receipt of shares underlying several restricted stock unit grants. Because of this deferral, accrued Dividend Equivalent Rights will be delivered to him proportionately over time, matching the delivery schedule of the related RSUs in BWX Technologies stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
