Company: BWXT
Filing Date: 2025-03-06
Form Type: PRE 14A
Source: 0001486957-25-000011
Chunk: 47

Company: BWX Technologies, Inc.
Filing Date: 2025-03-06
Form: PRE 14A
Chunk 47
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 10-K with the SEC. On limited occasions, stock grants may be made on an interim basis, primarily for the purpose of approving a compensation package for a newly hired or promoted executive. These grants are typically made at the a regular meeting of the Compensation Committee and the grant is effective at that time. However, if the grant is during a blackout period, the grants are effective on the second business day following the filing of the quarterly report on Form 10-Q for that quarter. The exercise price for stock options is the closing price on the New York Stock Exchange on the grant date. Other than as described in this paragraph, neither the Board nor the Compensation Committee take material nonpublic information into account when determining the timing or terms of stock or option

#### 2025 PROXY STATEMENT37
| COMPENSATION DISCUSSION AND ANALYSIS |

awards nor do they time the disclosure of material nonpublic information for the purpose of impacting the value of executive compensation.

Insider Trading Policy . We maintain an insider trading policy, which applies to directors, officers and employees considered insiders, and is reasonably designed to promote compliance with insider trading laws, rules and regulations, as well as applicable NYSE listing standards. Our insider trading policy expressly prohibits covered individuals from purchasing or selling our securities while in possession of material, non-public information or otherwise using such information for their personal benefit. Our directors, officers and other employees are permitted to enter into trading plans that are intended to comply with the requirements of Rule 10b5-1 of the Exchange Act in order to, among other things, diversify their investment portfolios and/or exercise stock options before applicable expiration dates.

Hedging, Pledging and Short Sale Policies . We maintain a policy that prohibits all directors, officers and employees from trading in puts, calls or other options on Company securities and otherwise engaging in hedging or monetization transactions, such as zero-cost collars and forward-sale contracts, that are designed to hedge or offset any decrease in the market value of Company securities. Our policy also prohibits directors, officers and employees from holding Company securities in margin accounts, pledging Company securities and engaging in short sales of company securities. This policy applies to all Company securities, including common stock held by directors, officers and employees whether granted by the Company or held directly or indirectly by the individual.

Clawbacks . Incentive compensation awards include provisions allowing us to recover excess amounts paid to individuals who knowingly engage in a fraud resulting in a restatement. The Compensation Committee may also terminate any outstanding stock