Fitzgerald Michael Thomas 4

What Happened
Michael Thomas Fitzgerald, Chief Financial Officer of BWX Technologies (BWXT), exercised a total of 2,417 stock options on 2026-05-11 (1,520 shares at $100.83 and 897 shares at $106.64; total exercise cost $248,918) and sold 2,417 shares in an open-market transaction the same day for $505,757. The filing shows the related option instruments were converted/cancelled as part of the exercise (derivative dispositions at $0). The sale resulted in gross proceeds of $505,757 and approximate net proceeds of $256,839 before taxes and fees.

Key Details

• Transaction date: 2026-05-11; Form 4 filed 2026-05-12 (timely).
• Option exercises acquired: 1,520 shares @ $100.83 ($153,262) and 897 shares @ $106.64 ($95,656).
• Open-market sale: 2,417 shares @ $209.25 = $505,757.
• Derivative disposition entries (2,417 shares @ $0) reflect the options converted/cancelled upon exercise.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: F1 — options vest in three equal annual installments beginning Feb 29, 2025. F2 — options vest in three equal annual installments beginning Feb 26, 2026.
• No 10b5-1 plan or tax-withholding details disclosed in this filing.

Context
This was an options exercise paired with an immediate sale of the acquired shares (commonly a cashless exercise/sell). Such transactions often reflect standard option exercise and liquidity-taking by insiders; they are factual disclosures and do not, by themselves, indicate the insider's view on the company's future performance.