[Form 4] BWX Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

James M. Jaska, a director of BWX Technologies (BWXT), recorded a transaction dated 09/05/2025 reflecting dividend equivalent rights (DERs) accrued on seven restricted stock units (RSUs) for which he elected to defer receipt. Each RSU and associated DER represent a contingent right to one share of BWXT common stock. The DERs will be delivered proportionately with the underlying RSUs. The filing shows an acquisition of 23.91 dividend equivalent rights and reports 1,043.71 shares beneficially owned by the reporting person following the transaction. The transaction price is reported as $0, consistent with dividend-equivalent crediting rather than a cash purchase.

Positive

• Clear disclosure of deferred dividend-equivalent rights tied to seven RSUs, showing compliance with Section 16 reporting
• Non-cash equity accrual increased reported beneficial ownership to 1,043.71 shares, improving transparency of insider holdings

Negative

• None.

Insights

Financial Analyst

TL;DR Director Jaska received deferred dividend-equivalent shares, modestly increasing his beneficial stake without cash outlay.

The Form 4 documents a non-cash accrual of 23.91 dividend equivalent rights tied to seven RSUs that the director elected to defer. Because each DER and RSU converts to one share, the filing clarifies the mechanism by which deferred compensation converts into equity rather than indicating a market purchase or sale. The reported post-transaction beneficial ownership of 1,043.71 shares provides transparency on insider holdings but is not a material change relative to typical institutional positions.

Corporate Governance Expert

TL;DR This is a routine insider reporting of deferred RSU dividend equivalents, reflecting standard executive compensation mechanics.

The disclosure shows compliance with Section 16 reporting for deferred equity compensation. The signature by attorney-in-fact and clear explanation of the DERs aligning with RSUs indicate proper documentation of the deferral election and settlement method. There is no indication of a sale, exercise of options, or cash consideration, so governance implications are limited to routine insider ownership reporting.

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^*

JASKA JAMES M

(Last) (First) (Middle)

800 MAIN STREET

4TH FLOOR

(Street)

LYNCHBURG VA 24504

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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

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

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

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)	09/05/2025		A		23.91		(1)	(1)	Common Stock	23.91	$0	1,043.71	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.

Remarks:

	/s/ James M. Jaska by Theresa B. Taylor, attorney-in-fact	09/08/2025
	** 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.

FAQ

What transaction did James M. Jaska report on BWXT Form 4?

The filing reports accrual and acquisition of 23.91 dividend equivalent rights tied to seven RSUs, dated 09/05/2025.

How many BWXT shares does the reporting person hold after the transaction?

The Form 4 shows 1,043.71 shares beneficially owned following the reported transaction.

Did the reporting person pay cash for these shares or rights?

No cash was paid; the price is reported as $0, indicating these are dividend-equivalent accruals, not purchases.

What is the relationship of the reporting person to BWXT?

James M. Jaska is reported as a Director of BWX Technologies, Inc.

When was the Form 4 signed or submitted?

The signature block is dated 09/08/2025 with action dated 09/05/2025 in the transaction fields.