Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 41

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 41
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 combination with performance restricted stock units discussed further below, this ensures that 80% of long-term incentives are performance based.

For more information regarding the 2024 stock options, see the "Grants of Plan-Based Awards" table under “Compensation of Executive Officers” below.

#### 2024 PERFORMANCE RESTRICTED STOCK UNITS
The Compensation Committee sets target and maximum goals based on the sum of the adjusted EBITDA estimates for each year of the Performance Period. To complement financial results under our annual incentive compensation program, we derived the estimates from the prior year adjusted EBITDA and assumed growth rates of 6% and 10% for target and maximum goals, respectively.

We set the threshold goal at 90% of the adjusted EBITDA target, consistent with the structure of annual incentive compensation. We set threshold, target and maximum goals for ROIC at 9.1%, 11.4% and 13.7%, respectively, which the Compensation Committee determined to be appropriate based on management’s projections of the Company’s financial results for the performance period. We set threshold, target and maximum goals for relative TSR at 25th percentile, 50th percentile and 75th percentile, respectively. TSR performance is measured against the companies that comprise the S&P Select Aerospace & Defense Select Industry Index at the beginning of the performance period.

For more information regarding the 2024 performance restricted stock units, see the "Grants of Plan-Based Awards" table under “Compensation of Executive Officers” below and disclosures under “Compensation of Executive Officers – Estimated Future Payouts Under Equity Incentive Plan Awards.”

#### 342025 PROXY STATEMENT
| COMPENSATION DISCUSSION AND ANALYSIS |

#### 2022 PERFORMANCE RESTRICTED STOCK UNITS
In 2022, the Committee established the following financial performance goals for the performance restricted stock units over the January 1, 2022 to December 31, 2024 performance period.

#### 2022 PERFORMANCE RESTRICTED STOCK UNIT GOALS
| Metric                 
 (Weight)               |     | Threshold (0.5x) |     |   Target 
   (1.0x) |     |      Max 
   (2.0x) |     | FY 2022 |     | FY 2023 |     | FY 2024 |     | FY 2022-2024 Results |     | Forecasted Multiplier |
| Avg. ROIC (%) (40%)    |     |