Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 42

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 42
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10.0% |     |    12.5% |     |    15.0% |     |  12.90% |     |  11.80% |     |  12.90% |     |               12.51% |     | 40.1%                 |
| Adj. EBITDA ($M) (40%) |     |         $1,237.3 |     | $1,374.8 |     | $1,429.5 |     | $439.50 |     | $472.30 |     |  $505.2 |     |               $1,417 |     | 70.8%                 |
| rTSR (20%)             |     |         25th%ile |     | 50th%ile |     | 75th%ile |     |     N/A |     |     N/A |     |     N/A |     |             79th%ile |     | 40.0%                 |
| Combined Multiplier    |     |                  |     |          |     |          |     |         |     |         |     |         |     |                      |     | 150.9%                |

Analysis of Financial Performance. Based on the actual results for the three-year adjusted EBITDA, return on invested capital and relative TSR metrics in relation to the respective goals, the Compensation Committee determined the weighted financial performance was 150.9% of target under the 2022 Performance Restricted Stock Unit Award in February 2025. The following table indicates the shares earned under the LTIP by our Named Executives for the January 1, 2022 to December 31, 2024 performance period. Mr. Duffy was not a participant in the 2022 Performance Restricted Stock Unit awards and did not receive any payout.

### ANALYSIS OF 2022 PERFORMANCE RESTRICTED STOCK UNIT PAYOUT
|                                              |     | Mr. Geveden |        |   | Mr. LeMasters |        |   | Adm. McCoy |       |   | Mr. Duffy |   |   | Mr. Whitford |       |   |
| Target Award (in Shares)                     |     |             | 47,901 |   |               |  9,580 |   |            | 4,790 |   |           | — |   |              | 2,395 |   |
| Weighted