Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 66

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 66
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 |                                   | — |     |                                       |      — |     |                                    | 1,239,102 |     |            | 1,239,102 |     |       | 1,239,102 |     |            | — |
| Stock Options                                             |     |                       | — |     |                                       |         — |     |                                   | — |     |                                       |      — |     |                                    |   256,025 |     |            |   256,025 |     |       |   256,025 |     |            | — |
| Total                                                     |     | $                     | — |     | $                                     | 1,122,291 |     | $                                 | — |     | $                                     | 12,650 |     | $                                  | 3,618,269 |     | $          | 2,295,841 |     | $     | 1,831,031 |     | $          | — |

The Company generally does not make payments to Named Executives for voluntary termination of employment, except where a Named Executive is eligible for retirement as of the date of termination. In the event of a Named Executive’s termination for cause, none of the payments and other benefits described herein would be payable.

Severance Payments. The severance payments reported for each Named Executive in the event of involuntary termination not for cause and disability represent lump-sum cash payments equal to 52 weeks’ base salary as in effect on the date of termination under the Executive Severance Plan in the event their employment is terminated for reasons other than “cause.” Under the Executive Severance Plan, “cause” means:

• the willful and continued failure of a participant to perform substantially his or her duties (occasioned by reason other than physical or mental illness or disability) after a written demand for substantial performance is delivered to the participant by the Compensation Committee or the Chief Executive Officer, which specifically identifies the manner in which the Compensation Committee or the Chief Executive Officer believes that the participant has not substantially performed his or her duties, after which the participant will have 30 days to defend or remedy such failure to substantially perform his or her duties;

• the willful engaging by a participant in illegal conduct or gross misconduct, which is materially and demonstrably injurious to the Company; or

• the conviction of a participant with no further possibility of appeal, or plea of nolo contendere by the participant to, any felony or crime of falsehood.

“Cause” excludes instances where an eligible employee