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

Rhea-AI Filing Summary

Burbach Gerhard F reported acquisition or exercise transactions in this Form 4 filing.

BWX Technologies, Inc. director Gerhard F. Burbach received a routine compensation-related grant of 19.620 Dividend Equivalent Rights tied to existing restricted stock units. Following this award, he holds 777.920 such rights, each representing a contingent right to receive one share of BWXT common stock, delivered in line with his RSU deferral election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burbach Gerhard F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	19.62	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 777.92 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 19.620 rights Dividend Equivalent Rights after grant: 777.920 rights Grant price per right: $0.0000 per right +1 more

4 metrics

Dividend Equivalent Rights granted 19.620 rights Award on 2026-06-05

Dividend Equivalent Rights after grant 777.920 rights Holdings following transaction

Grant price per right $0.0000 per right Compensation grant, non-cash

Underlying common stock per right 1 share per right Each RSU and DER equals one BWXT share

Key Terms

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

4 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on seven 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 seven 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 of BWXT common stock."

deferral election financial

"In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately..."

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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 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)
06/05/2026

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)	06/05/2026		A		19.62		(1)	(1)	Common Stock	19.62	$0	777.92	D

Explanation of Responses:

1. The dividend equivalent rights accrued on seven 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.

	/s/ Gerhard F. Burbach, by Alexander D. Cobey, attorney-in-fact	06/09/2026
	** 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)

FAQ

What did BWXT director Gerhard Burbach report on this Form 4 for BWXT?

Gerhard Burbach reported receiving 19.620 Dividend Equivalent Rights as a compensation-related grant. These rights are tied to previously granted restricted stock units and increase his total holdings of such rights to 777.920, each representing a contingent claim to BWXT common shares.

Are the BWXT Form 4 transactions open-market buys or sells?

No, the reported transaction is not an open-market buy or sell. It is a grant of Dividend Equivalent Rights awarded at a price of $0.0000 per unit, reflecting routine equity-based compensation rather than a discretionary purchase or sale in the market.

What are Dividend Equivalent Rights reported in the BWXT Form 4?

Dividend Equivalent Rights are derivative awards that mirror dividends on underlying restricted stock units. For BWXT, each right represents a contingent right to receive one share of common stock, delivered proportionately with the related RSUs according to the reporting person’s deferral election described in the footnote.

How many Dividend Equivalent Rights does Gerhard Burbach hold after this BWXT filing?

After the reported grant, Gerhard Burbach holds a total of 777.920 Dividend Equivalent Rights. Each right corresponds to one potential BWXT common share, which will be delivered over time in tandem with the settlement of his deferred restricted stock unit grants.

Does the BWXT Form 4 indicate any remaining derivative positions for Gerhard Burbach?

The Form 4 shows 777.920 Dividend Equivalent Rights outstanding after the transaction but no additional derivative positions listed in the derivative summary. The rights are linked to seven prior restricted stock unit grants that he has elected to defer, as explained in the footnote.