other
confidence high
sentiment neutral
materiality 0.45
BWXT grants 10,000 PSUs to CFO LeMasters with vesting tied to 2027 performance and acquisition targets
BWX Technologies, Inc.
- PSU grant of 10,000 units to EVP & CFO Robb A. LeMasters; fair value $1.15 million.
- Cliff vesting on or after Dec. 31, 2027, contingent on revenue, adj. EBITDA, and FCF CAGR targets.
- Separate cumulative EBITDA metrics for Aerojet Ordnance Tennessee and Kinectrics acquisitions (each 20% weight).
- Potential payout range per metric: 0% to 200%; designed for long-term retention and shareholder value.
- Award follows the form of prior PSU grant agreement incorporated by reference from Q1 2024 10-Q.