Krieg Kenneth J 4
4 · BWX Technologies, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
BWX Technologies Director Kenneth Krieg Receives Award
What Happened
Kenneth J. Krieg, a director of BWX Technologies, received an award on June 5, 2026 consisting of 30.59 derivative shares (reported as acquisition code "A") at a $0.00 price, valued at $0 in cash terms. The reported units are dividend equivalent rights (DERs) tied to previously granted restricted stock units (RSUs) rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-05; 30.59 units @ $0.00.
- Report filed: Form 4 filed 2026-06-09 (covers the 6/5 transaction).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote summary: The DERs accrued on nine RSU grants for which the reporting person elected to defer receipt; each RSU and DER represents a contingent right to one share and DERs will be delivered proportionately with the related RSUs (see Footnote F1).
- Exhibit: Exhibit 24 (Power of Attorney) listed in the filing.
Context
DERs are non-cash, derivative awards representing dividend equivalents on deferred RSUs; they do not represent an immediate cash purchase or sale and are typically part of director compensation or deferral elections. Such awards are routine corporate compensation and do not alone indicate the insider's view on the company's stock price.
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1]2026-06-05+30.59→ 1,450.81 total→ Common Stock (30.59 underlying)
Footnotes (1)
- [F1]The dividend equivalent rights accrued on nine 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.