Burbach Gerhard F 4

What Happened Gerhard F. Burbach, a director of BWX Technologies, was credited with 16.96 derivative shares (dividend equivalent rights) on March 27, 2026. The filing lists the transaction as an award/other acquisition (code A) at $0.00 per share (acquired value reported as $0). These DERs are linked to previously granted restricted stock units (RSUs) and represent contingent rights to receive BWXT common stock in the future.

Key Details

• Transaction date: 2026-03-27; Form 4 filed 2026-03-30 (filed within the required two business days).
• Transaction type/code: Award/other acquisition (A) of derivative securities (DER).
• Amount: 16.96 DERs recorded at $0.00 (total reported $0).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The DERs are dividend equivalent rights accrued on six RSU grants for which the reporting person elected to defer receipt. Each RSU and each DER represent a contingent right to one share; DERs will be delivered proportionately with the related RSUs.
• No indication of a sale, purchase of shares for cash, 10b5-1 plan, or tax withholding in the excerpt provided.

Context This is a compensation-related award tied to previously granted RSUs and dividend equivalents, not an open-market purchase or sale. Such awards are typically part of director compensation and do not, by themselves, indicate a buy/sell signal by the insider. The DERs will convert to actual shares when the underlying RSUs are delivered per the deferral election.