BWX Technologies (NYSE: BWXT) director awarded 762 deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Bertsch Jan
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 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
RSUs granted: 762 units
Underlying common shares: 762 shares
Deferral period: 2 years
3 metrics
RSUs granted
762 units
Grant of restricted stock units to director Jan Bertsch
Underlying common shares
762 shares
Each RSU represents one share of BWXT common stock
Deferral period
2 years
Shares delivered two years after termination of board service
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, deferral election
3 terms
Restricted Stock Units financial
"Grant of restricted stock units pursuant to the 2020 Omnibus Incentive Plan of BWX Technologies, Inc."
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."
FAQ
What insider transaction did BWX Technologies (BWXT) report for Jan Bertsch?
BWX Technologies reported that director Jan Bertsch received a grant of 762 restricted stock units as compensation. Each RSU represents a contingent right to one share of BWXT common stock, granted under the company’s 2020 Omnibus Incentive Plan for board members.
How many BWX Technologies (BWXT) RSUs were granted to director Jan Bertsch?
Jan Bertsch was granted 762 restricted stock units by BWX Technologies. These RSUs vested immediately and each one corresponds to one share of BWXT common stock, providing equity-based compensation tied directly to the company’s stock performance for her board service.
What does the BWX Technologies (BWXT) 2020 Omnibus Incentive Plan provide to directors?
The 2020 Omnibus Incentive Plan allows BWX Technologies to grant equity awards like restricted stock units to directors and others. In this case, Jan Bertsch received 762 RSUs, each representing a future right to one share of BWXT common stock as part of her compensation.