Company: BWXT
Filing Date: 2025-03-06
Form Type: PRE 14A
Source: 0001486957-25-000011
Chunk: 39

Company: BWX Technologies, Inc.
Filing Date: 2025-03-06
Form: PRE 14A
Chunk 39
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 that stand to broaden the Company's core capabilities. As a result, Mr. Geveden had an Individual Performance Result of 120%.

The Compensation Committee evaluated the individual performance factors of the other Named Executives and considered recommendations from the Chief Executive Officer when establishing 2024 annual payouts under the EICP. For Adm. McCoy, the Compensation Committee considered his significant operational performance at several of his key sites; and his successful pre-close integration of the Aerojet Ordnance Tennessee acquisition. Mr. LeMasters' individual performance factors were specific to his role with leading the negotiation and finalization of purchase agreements specific to the Aerojet Ordnance Tennessee and Kinectrics acquisitions; the implementation of a new financial planning and reporting system; and talent improvements within the finance function at large. Mr. Duffy's individual performance factors included a 6.3% growth in annual hiring, including the recruitment and appointment of several key executives, and a 50 bps reduction in voluntary attrition. For Mr. Whitford, the Committee considered his accomplishments with respect to the successful initiation of the Hanford Tanks and Pantex programs, along with his key involvement with the negotiation of purchase agreements specific to the Aerojet Ordnance Tennessee and Kinectrics acquisitions. As a result, Messrs. LeMasters, McCoy, Duffy and Whitford had individual performance adjustments of 115%, 125%, 110% and 100%.

Analysis of EICP Payouts. The following table indicates the amount earned under the EICP by our Named Executives based for the 2024 performance period (January 1, 2024 – December 31, 2024).

#### 2024 EICP PAYOUTS
|                                           |     | Mr. Geveden |           |   | Mr. LeMasters |         |   | Adm. McCoy(1) |         |   | Mr. Duffy |         |   | Mr. Whitford |         |   |
|:------------------------------------------|:----|:------------|----------:|:--|:--------------|--------:|:--|:--------------|--------:|:--|:----------|--------:|:--|:-------------|--------:|:--|
| Earnings from Salary                      |     | $           | 1,012,500 |   | $             | 556,250 |   | $             | 753,750 |   | $         | 475,000 |   | $            |