BWX director awarded dividend equivalent rights

BWX Technologies, Inc. director Gerhard F. Burbach reported an acquisition of 16.96 Dividend Equivalent Rights tied to existing restricted stock units.

Accepted by SEC EDGAR 03/30/2026 - 05:58 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BWX Technologies, Inc. director Gerhard F. Burbach reported an acquisition of 16.96 Dividend Equivalent Rights tied to existing restricted stock units. These rights were granted at a price of $0.00 per right and increase his total reported Dividend Equivalent Rights holdings to 758.30.

According to the filing, these Dividend Equivalent Rights accrue on six restricted stock unit grants for which Burbach has elected to defer receipt of the underlying common shares. Each restricted stock unit and each Dividend Equivalent Right represents a contingent right to receive one share of BWX common stock, to be delivered proportionately when the related units are settled.

Insider Trade Summary

Grant/Award: 16.96 shares

Grant/Award 1 txn

Insider Burbach Gerhard F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	16.96	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 758.3 contracts (Direct)

Holdings Before and After: Dividend Equivalent Rights, 741.34 to 758.3 contracts (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Dividend Equivalent Rights granted: 16.96 rights Total Dividend Equivalent Rights after grant: 758.30 rights Grant price per right: $0.00 per right +2 more

5 metrics

Dividend Equivalent Rights granted 16.96 rights Grant/award acquisition on 2026-03-27

Total Dividend Equivalent Rights after grant 758.30 rights Holdings following reported transaction

Grant price per right $0.00 per right Reported transaction price in Form 4

Underlying common stock per right 1 share per right Each RSU and Dividend Equivalent Right equals one BWX share

RSU grants referenced 6 grants Dividend Equivalent Rights accrued on six RSU grants

Key Terms

Dividend Equivalent Rights, restricted stock unit, contingent right, deferral election

4 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on six 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 six 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

"of which the reporting person has elected to defer receipt of the shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BWX Technologies (BWXT) director Gerhard Burbach report?

Gerhard Burbach reported receiving 16.96 Dividend Equivalent Rights at a grant price of $0.00. These rights are tied to existing restricted stock unit awards and increase his total reported Dividend Equivalent Rights position to 758.30, all representing contingent rights to BWX common stock.

What are Dividend Equivalent Rights in the BWX Technologies (BWXT) Form 4 filing?

Dividend Equivalent Rights give the holder a contingent right to receive BWX common stock equal to dividends on deferred restricted stock units. In this filing, each Dividend Equivalent Right corresponds to one potential BWX share and will be delivered proportionately when the related restricted stock units are ultimately settled.

How many BWX Technologies (BWXT) Dividend Equivalent Rights does Gerhard Burbach now hold?

After the reported grant, Gerhard Burbach holds a total of 758.30 Dividend Equivalent Rights. These accrued on six restricted stock unit grants for which he elected to defer receipt of BWX common stock, and each right represents a contingent claim to one share upon future settlement.

Are the BWX Technologies (BWXT) Dividend Equivalent Rights an open-market purchase or sale?

No, the Dividend Equivalent Rights were reported as a grant or award acquisition, not a market transaction. They accrued automatically in connection with existing restricted stock unit grants and were recorded at a transaction price of $0.00 per right in the Form 4 filing.

How do the BWX Technologies (BWXT) Dividend Equivalent Rights relate to restricted stock units?

The filing states the rights accrued on six restricted stock unit grants that Burbach chose to defer. Each restricted stock unit and each Dividend Equivalent Right represents a contingent right to receive one share of BWX common stock, delivered proportionately as the deferred units are paid.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 VIRGINIA 24504

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

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

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

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)	03/27/2026		A		16.96		(1)	(1)	Common Stock	16.96	$0	758.3	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	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)