Bertsch Jan 4

What Happened

• Jan Bertsch, a director of BWX Technologies, was granted 35.47 dividend-equivalent rights (DERs) on 2026-06-05. The report shows an acquisition at $0.00 per share (transaction code A — award/grant). These DERs are contingent rights that each represent one share of BWXT common stock and were awarded in connection with previously granted restricted stock units (RSUs).

Key Details

• Transaction date and filing: 2026-06-05 (transaction); Form 4 filed 2026-06-09 — filed within the SEC’s two-business-day window.
• Transaction type/code: Award/Grant (A); 35.47 shares acquired at $0.00 (derivative).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The DERs are dividend-equivalent rights that accrued on nine deferred RSU grants; per the reporting person’s deferral election, the DERs will be delivered proportionately with the related RSUs (see F1).
• Remarks: Exhibit 24 (Power of Attorney) referenced.

Context

• This was an award of dividend-equivalent rights tied to deferred RSUs, not a cash purchase or open-market sale. DERs typically convert into shares when the underlying RSUs vest or are paid out per the deferral terms, so the grant itself does not necessarily signal immediate buying or selling.