Bertsch Jan 4

What Happened

• Jan Bertsch, a member of BWX Technologies' Board of Directors, was granted 762 restricted stock units (RSUs) on April 30, 2026. The grant is reported as a derivative award (transaction code A) with $0.00 per-unit cash consideration.
• Each RSU represents a contingent right to one share of BWXT common stock. The RSUs vested immediately, but Bertsch elected to defer receipt of the underlying shares; vested shares will be delivered in one lump sum two years after she leaves the Board.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-04.
• Reported grant: 762 RSUs; reported price: $0.00 (award/grant).
• Nature of award: RSUs (each RSU = right to one share upon settlement).
• Delivery/vesting: RSUs vested immediately, but delivery deferred per the reporting person’s deferral election (shares payable in one lump sum two years after termination of Board service).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: The Form 4 was filed four days after the transaction date; Form 4s are generally due within two business days, so this filing appears to be late.

Context

• RSU grants are a common form of compensation for directors and are different from open-market purchases or sales; an award or deferral does not by itself indicate immediate buying or selling in the market.
• Because the RSUs were vested but delivery is deferred, Bertsch does not receive shares to sell immediately — settlement depends on her future departure date from the Board.