Miller Joseph Kirwan 4

What Happened

• Joseph Kirwan Miller, President, Government Operations at BWX Technologies (BWXT), had 156 restricted stock units (RSUs) convert to common shares on February 26, 2026. The RSUs converted at $0.00 per share (code M).
• To satisfy tax withholding, 78 of those shares were surrendered/disposed at an implied value of $208.27 per share for a total tax withholding of about $16,245 (code F). The net result is Miller received 78 shares.

Key Details

• Transaction date: February 26, 2026. Form filed March 2, 2026 (timely within the SEC two-business-day rule).
• Vesting/conversion: 156 shares converted (code M) at $0.00 (RSU settlement).
• Tax withholding: 78 shares withheld/disposed (code F) at $208.27 per share, totaling ~$16,245.
• Net increase in holdings from this transaction: +78 common shares (156 vested − 78 withheld).
• Footnote: RSUs vest in three equal annual installments beginning February 26, 2026.
• The filing shows routine vesting and tax withholding — not an open-market sale or purchase for investment.

Context

• This was an RSU settlement with shares withheld to cover taxes (common practice); it does not indicate a discretionary sale for cash. Derivative code M here reflects conversion of RSUs rather than exercising an option for cash.