Burbach Gerhard F 4

What Happened
Gerhard F. Burbach, a director of BWX Technologies, was credited with 19.62 derivative shares (transaction code A — award/acquisition) on 2026-06-05. The reporting shows a $0 acquisition price; these are derivative shares representing dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (timely).
• Amount: 19.62 derivative shares (DERs) recorded at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: The DERs are dividend equivalent rights accrued on seven RSU grants; each RSU and DER is a contingent right to one share. Per the deferral election, DERs will be delivered proportionately with the RSUs to which they relate (see footnote F1).
• Filing timeliness: filed within the reporting window (no late filing flagged).

Context
Derivative entries like these reflect non-cash compensation or dividend-equivalent credits tied to RSUs. They do not represent a market purchase or sale and will convert to shares (if and when RSUs are delivered) according to the deferral terms.