BWXT Director John M. Richardson Receives 16.44 Dividend-Equivalent Rights

What Happened
John M. Richardson, a director of BWX Technologies, received 16.44 dividend-equivalent rights (DERs) as reported on a Form 4. The award is listed as an acquisition (code A) at $0.00 per share, so no cash was paid and the reported acquisition value is $0. These DERs are derivative rights that are contingent on restricted stock units (RSUs) and represent the right to receive shares in the future.

Key Details

• Transaction date: 2026-09-04; Form 4 filed 2026-09-08 (Accession: 0001123292-26-001240).
• Amount and price: 16.44 DERs acquired at $0.00 per share (derivative award).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The DERs accrued on five RSU grants; each RSU and each DER represent a contingent right to one share. Per the reporting person's deferral election, the DERs will be delivered proportionately with the related RSUs.
• Filing timeliness: Form appears to have been filed timely (reported within the standard Form 4 reporting window).

Context
DIVidend-equivalent rights are compensation-related, reflecting accrued dividends on deferred RSUs rather than an outright market purchase or sale. Such awards are routine director/employee compensation and do not by themselves indicate buying or selling sentiment by the insider.