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BWX Technologies, Inc.·4

Mar 2, 5:22 PM ET

MacQuarrie John R. 4

Research Summary

AI-generated summary

Updated

BWXT President John MacQuarrie Exercises Awards; 268 Shares Surrendered

What Happened

  • John R. MacQuarrie, President, Commercial Operations at BWX Technologies (BWXT), had recent grants and a conversion/exercise of derivative awards. On Feb 25, 2026 he received derivative awards (2,817 and 960 units). On Feb 26, 2026 he converted/exercised 503 derivative units; 268 shares were surrendered/disposed to cover tax withholding at $208.27 per share, totaling $55,816.
  • These actions are awards and a conversion with tax withholding — not an open-market sale or purchase for investment purposes.

Key Details

  • Transaction dates and prices:
    • 2026-02-25: Grants — 2,817 and 960 derivative awards (awarded at $0.00; see vesting notes below).
    • 2026-02-26: Exercise/conversion of 503 derivative units (reported at $0.00).
    • 2026-02-26: 268 shares surrendered/paid for tax liability at $208.27 per share = $55,816.
  • Shares owned after transaction: Not disclosed in the filing.
  • Codes and meaning: M = exercise/conversion of derivative; F = shares withheld/disposed to satisfy tax withholding.
  • Footnotes of note:
    • F1: Some RSUs vest in three equal annual installments beginning Feb 25, 2027.
    • F2: Stock options vest in three equal annual installments beginning Feb 25, 2027; options expire Feb 25, 2036.
    • F3: Some RSUs vest in three equal annual installments beginning Feb 26, 2026 and include accrued dividends converted into shares at $208.27/share.
  • Filing timeliness: Form 4 was filed on 2026-03-02. That is timely for the Feb 26 transaction (due within two business days); the Feb 25 grant is at the reporting-window boundary but was included in this filing.

Context

  • This was primarily an award/grant and conversion event with shares withheld for taxes — a common administrative step following vesting/exercise. It is not an open-market sale that signals a manager taking proceeds to the market.
  • For retail investors: purchases can be a stronger buy signal than routine withholding. Here, the key point is new awards granted and a partial surrender of shares to meet tax obligations; no large market sell or open-market buy was reported.