other material
confidence high
sentiment neutral
materiality 0.40
BWXT grants CEO Rex Geveden $5.5M special performance awards tied to 2025-2027 targets
BWX Technologies, Inc.
- Special grant of PSUs ($2.2M) and NQPSOs ($3.3M) to CEO Geveden, target value $5.5M.
- PSUs cliff vest Dec 31, 2027, based on cumulative revenue (50%) and EBITDA margin expansion (50%) targets; payout 0-150%.
- NQPSOs cliff vest Dec 31, 2027, based on total shareholder return vs S&P Aerospace & Defense Select Index; payout 0-150%.
- PSU award excludes retirement-related vesting provisions otherwise applicable to Geveden.