Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 55

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 55
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0 to 200% of the initial performance shares granted, to be determined upon completion of the three-year performance period. The nonvested shares at the end of the period in the table above assumes weighted-average vesting of 144%.The actual tax benefits realized related to the performance shares vested during the year ended December 31, 2024 totaled $1.4 million.Cash-Settled Stock Appreciation RightsAs of December 31, 2024, we did not have any cash-settled stock appreciation rights outstanding.Cash-Settled Restricted Stock UnitsAs of December 31, 2024, we had 456 nonvested units valued at $111.39 per share. The fair value is based on our closing stock price as of December 31, 2024 and is re-determined at the end of each reporting period for purposes of remeasuring compensation expense associated with these cash-settled awards.Cash-Settled Performance UnitsThe actual number of units in which each participant vests is dependent upon achievement of certain return on invested capital and diluted earnings per share targets over a three-year performance period. The number of units in which participants 

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can vest ranges from 0 to 200% of the initial performance units granted, to be determined upon completion of the three-year performance period.As of December 31, 2024, we had 2,052 nonvested units valued at $111.39 per share with an assumed weighted-average vesting of 153%. The fair value is based on our closing stock price as of December 31, 2024 and is re-determined at the end of each reporting period for purposes of remeasuring compensation expense associated with these cash-settled awards.

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Investigations and LitigationDue to the nature of our business, we are, from time to time, involved in investigations, litigation, disputes or claims related to our business activities, including, among other things:•performance- or warranty-related matters under our customer and supplier contracts and other business arrangements; and•workers' compensation, employment, waste storage and handling, premises liability and other claims.Based upon our prior experience, we do not expect that any of these investigations, litigation proceedings, disputes and claims will have a material adverse effect on our consolidated financial condition, results of operations or cash flows.Environmental MattersWe have been identified as a potentially responsible party at various cleanup sites under the Comprehensive Environmental Response, Compensation