Cajade Gonzalo Raul 4

What Happened Cajade Gonzalo Raul, Chief HR Officer of BWX Technologies, had 332 restricted stock units (RSUs) convert to common shares on July 1, 2026. The conversion (reported as derivative exercise/conversion, code M) resulted in 332 shares being issued at an exercise price of $0.00. To satisfy tax withholding (code F), 124 of those shares were withheld at $194.65 per share, totaling $24,137. After withholding, 208 shares were delivered to the insider.

Key Details

• Transaction date: July 1, 2026. Filing date: July 2, 2026 (timely).
• Conversion: 332 RSUs → 332 shares (exercise/conversion, code M) at $0.00.
• Tax withholding: 124 shares withheld at $194.65 each = $24,137 (code F).
• Net shares received by insider: 208 shares.
• Footnote: RSUs vest in three equal annual installments beginning July 1, 2026 (first installment vested).
• The filing does not list the insider’s total post-transaction holdings; only the shares issued/withheld are reported.

Context This was an RSU vesting event, not an open-market buy or sale. The withholding of 124 shares to cover taxes is a standard cashless tax-withholding practice and is routine for equity compensation. Such conversions indicate compensation realization rather than an investment decision by the insider.