Company: BWXT
Filing Date: 2025-03-06
Form Type: PRE 14A
Source: 0001486957-25-000011
Chunk: 66

Company: BWX Technologies, Inc.
Filing Date: 2025-03-06
Form: PRE 14A
Chunk 66
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 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 is unable to perform his duties by reason of his physical or mental illness or disability. Receipt of severance benefits under the Executive Severance Plan is subject to the employee executing a general release of claims and agreeing to certain non-compete, nondisclosure and other restrictive covenants, and the employee’s submission of a written claim for benefits.

In connection with a termination following a change in control, the Company has entered into change-in-control agreements with each Named Executive which provide for a cash payment equal to two times (2.99 times for Mr. Geveden) the sum of (1) the executive’s annual base salary prior to termination and (2) the same annual base salary multiplied by the executive’s target EICP percentage for the year in which the termination occurs. Assuming a termination as of December 31, 2024, the severance payment under a change in control would have been calculated based on the following:

#### 502025 PROXY STATEMENT
| COMPENSATION OF EXECUTIVE OFFICERS |

| Name                    |     | Base Salary as of 12/31/2024 |           |     | Target Annual Incentive as of 12/31/2024 |           |     | Target Annual Incentive as a Percentage of Base Salary |     |   |
|:------------------------|:----|:-----------------------------|----------:|:----|:-----------------------------------------|----------:|:----|:-------------------------------------------------------|----:|:--|
| Rex D. Geveden          |     | $                            | 1,025,000 |     | $                                        | 1,178,750 |     |                                                        | 115 | % |
| Robb A. LeMasters       |     |                              |   565,000 |     |                                          |   423,750 |     |                                                        |  75 | % |
| Kevin M. McCoy          |     |                              |   760,000 |     |                                          |   532,000 |     |                                                        |  70 | % |
| Robert L. Duffy         |     |                              |   500,000 |     |                                          |   300,000 |     |                                                        |  60 | % |
| Ronald O. Whitford