BWX Technologies Director Kenneth Krieg Receives Award (36.14 shares)

What Happened Kenneth J. Krieg, a director of BWX Technologies, was credited with 36.14 derivative award units on 2026-09-04. The Form 4 reports this as an award/acquisition (code A) of 36.14 DERs at $0.00 — i.e., no cash was paid by the insider. These DERs are contingent rights tied to restricted stock units and represent the right to receive shares of BWXT common stock in the future.

Key Details

• Transaction date: 2026-09-04; Form 4 filed 2026-09-08 (timely within the SEC’s 2-business-day requirement).
• Reported transaction: 36.14 shares acquired as derivative award units at $0.00 per share (code A).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnote: The DERs are dividend-equivalent rights accrued on nine restricted stock unit (RSU) grants for which the reporting person elected to defer receipt. Each RSU and DER represents a contingent right to one share; DERs will be delivered proportionately with the related RSUs.
• No sale or purchase for cash; not an exercise or 10b5-1 sale plan.

Context This was an award of dividend-equivalent rights tied to previously granted RSUs rather than an open-market purchase or sale. Such awards are common compensation or deferred-pay mechanisms for insiders and do not by themselves indicate a buy/sell signal. The DERs convert to shares (proportionally with the RSUs) per the deferral election when delivered.