Richardson John M 4

What Happened John M. Richardson, a director of BWX Technologies, received 11.73 derivative shares on 2026-03-27 as an award (coded "A" on the Form 4). The units were reported at $0.00 per share (total reported value $0) because they represent dividend-equivalent rights (DERs) tied to previously granted restricted stock units (RSUs), not a cash purchase.

Key Details

• Transaction date: 2026-03-27; reported on Form 4 filed 2026-03-30 (appears timely).
• Security: Dividend Equivalent Rights (DERs) that each correspond to one contingent share of BWXT common stock.
• Amount acquired: 11.73 DERs; reported price: $0.00; reported total value: $0.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: The DERs accrued on four RSU grants for which Richardson elected to defer receipt. Each RSU and DER is a contingent right to one share; DERs will be delivered proportionately with the deferred RSUs.

Context These DERs are derivative awards reflecting dividend equivalents on deferred RSUs and do not represent an open-market purchase or immediate sale of stock. Such awards are common compensation mechanics for executives/directors and do not by themselves indicate a buying or selling signal in the market.