Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 37

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 37
---
 financial performance for all Named Executives is based on BWXT consolidated financial results, except for Adm. McCoy, for whom operating income (70% of 2024 EICP) is measured 37.5% on BWXT consolidated results and 32.5% on the Government Operations segment results. |     |                |     |                |     |                |     |                |

#### 2025 PROXY STATEMENT31
| COMPENSATION DISCUSSION AND ANALYSIS |

| 2024 SAFETY GOALS |     |           |     |        |     |         |     |        |
| Safety Metric     |     | Threshold |     | Target |     | Maximum |     | Actual |
| TRIR              |     |      0.83 |     |   0.66 |     |    0.55 |     |   0.56 |
| DART              |     |      0.36 |     |   0.29 |     |    0.24 |     |   0.27 |

Analysis of 2024 EICP Financial and Safety Performance Results. The adjusted financial performance results for the 2024 performance period resulted in a 128.1% Financial Multiplier payout level for each of our Named Executives (128.0% for Adm. McCoy) versus the target level of 100%. These results included mandatory, pre-established adjustments from our GAAP operating income and operating cash flow results for the items discussed on the previous page.

Analysis of 2024 EICP Individual Performance Adjustments. Our Compensation Committee evaluates our Named Executives (and the independent directors of the Board, in the case of Mr. Geveden) on pre-established individual performance goals when establishing 2024 annual payouts under the EICP. The independent directors of the Board considered the aggregate achievements of the other Named Executives, as overseen and driven by the Chief Executive Officer, along with his significant focus on upgrading key talent across the BWXT enterprise in 2024; his focus on continuous improvement which resulted in significant operational improvements and garnered a positive response from the Company's investor and customer base; and the announced acquisitions of Aerojet Ordnance Tennessee and Kinectrics in 2024 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