BWX Technologies director granted 762 RSUs
Bertsch Jan reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bertsch Jan reported acquisition or exercise transactions in this Form 4 filing.
BWX Technologies director Jan Bertsch received a grant of 762 restricted stock units (RSUs) under the company’s 2020 Omnibus Incentive Plan. Each RSU represents a contingent right to one share of BWXT common stock and vested immediately as part of her board compensation.
Bertsch elected to defer delivery of the shares. According to her deferral election, the vested shares will be delivered in a single lump sum two years after her service on the Board of Directors ends, turning this equity grant into longer-term deferred compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 762 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. RSUs vested immediately. The reporting person elected to defer receipt of shares underlying the RSUs. In accordance with her deferral election, vested shares will be delivered to the reporting person in one lump sum, two years following termination of service on the Board of Directors.
Key Figures
Key Terms
Restricted Stock Units financial
2020 Omnibus Incentive Plan financial
deferral election financial
FAQ
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