Bertsch Jan 4

What Happened

• Jan Bertsch, a director of BWX Technologies, received an award of 31.5 derivative securities (dividend-equivalent rights, "DERs") on March 27, 2026. The grant was recorded at $0.00 per unit (no cash exchanged); the DERs are contingent rights tied to restricted stock units (RSUs).

Key Details

• Transaction date: 2026-03-27; reported on Form 4 filed 2026-03-30.
• Transaction code: A (award/grant); derivative securities granted: 31.5 DERs; price: $0.00.
• The filing notes these DERs represent dividend-equivalent rights accrued on eight RSU grants for which Bertsch elected to defer receipt of the underlying shares; each RSU and each DER corresponds to a contingent right to one share.
• Per the footnote, DERs will be delivered proportionately with the related RSUs when those RSUs are distributed.
• The Form 4 does not state total shares beneficially owned after this transaction; no cash was paid and no immediate sale occurred.

Context

• DERs are not immediate share issuances; they track dividends and are typically settled in stock alongside the related RSUs per the deferral election. Such awards are routine for directors and do not by themselves indicate a buy/sell signal.