Company: BWXT
Filing Date: 2025-03-06
Form Type: PRE 14A
Source: 0001486957-25-000011
Chunk: 30

Company: BWX Technologies, Inc.
Filing Date: 2025-03-06
Form: PRE 14A
Chunk 30
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 Approval of this proposal requires the affirmative vote of a majority of our shares of common stock present in person or represented by proxy at the Annual Meeting and entitled to vote on this proposal. Because abstentions are counted as present for purposes of the vote on this matter but are not votes “FOR” this proposal, they have the same effect as votes “AGAINST” this proposal. Broker non-votes will not have any effect on this proposal. |     |                                        |

#### 2025 PROXY STATEMENT21
| COMPENSATION DISCUSSION AND ANALYSIS |

### COMPENSATION DISCUSSION AND ANALYSIS
This Compensation Discussion and Analysis (the “CD&A”) provides detailed information and analysis regarding the compensation of our Named Executives as reported in the Summary Compensation Table and other tables located in the “Compensation of Executive Officers” section of this proxy statement.

This CD&A is divided into four sections:

Section 1: Executive Summary . In this section, we highlight our company performance, key compensation decisions and outcomes during 2024.

Section 2: Compensation Structure . In this section, we review our 2024 compensation philosophy, elements and processes.

Section 3: Compensation Analysis and Outcomes . In this section, we review the elements of 2024 total direct compensation, including annual base salary, annual incentive compensation and long-term incentive compensation.

Section 4: Other Benefits and Practices . In this section, we review perquisites, post-employment arrangements and other compensation-related practices.

#### SECTION 1: EXECUTIVE SUMMARY

#### 2024 PERFORMANCE HIGHLIGHTS*
• Consolidated revenue was $2.7 billion, an 8% increase over the prior year.

• Net income and adjusted EBITDA were $282.3 million and $498.6 million, respectively.

• GAAP and non-GAAP earnings per share were $3.07 and $3.33, respectively.

• In 2024, we returned $108.3 million to stockholders in the form of $20.0 million in share repurchases and $88.3 million in dividends.

• As of December 31, 2024, our backlog was $4.8 billion.

| * Please refer to Appendix A, "Reconciliation of Reported (GAAP) to Adjusted (Non-GAAP) Results," for a reconciliation of adjusted results, including adjusted EBITDA and non-GAAP earnings per share, to reported results. |

### TOTAL STOCKHOLDER RETURN
The following graph depicts the cumulative