Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 74

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 74
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 McCoy, Thomas E. McCabe and Robert L. Duffy•For 2021, David S. Black, Robb A. LeMasters, Thomas E. McCabe, Joel W. Duling, Richard W. Loving and Robert F. Smith•For 2020, David S. Black, Thomas E. McCabe, Joel W. Duling and Richard W. Loving |
| (4) A reconciliation of the average non-CEO NEO compensation to the SCT Table to the PVP Table can be found below.                                                                                                                                                                                                                                                                                                                                                                                                  |
| (5) The TSR values disclosed represent the measurement period value of an investment of $100 in our units as of December 31, 2020, and then valued again on each of December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.                                                                                                                                                                                                                                                                  |
| (6) The TSR values disclosed represent the measurement period value of an investment of $100 in our peer group's units as of December 31, 2020, and then valued again on each of December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. For purposes of the PVP Table, our peer group is the S&P 500 A&D Select Index, which conforms to our disclosures as required by Item 201(e) of Regulation S-K.                                                                                      |
| (7) The Company believes that adjusted EBITDA most closely aligns pay and performance. This measure demonstrates the profitability of the organization on a like-for-like, year-over-year basis, removing non-recurring, irregular and one-time items that may distort the Company's actual performance during any given period of time. Please refer to Appendix A, "Reconciliation of Reported (GAAP) to Adjusted (Non-GAAP) Results," for a reconciliation of adjusted EBITDA.                                   |

#### 542025 PROXY STATEMENT
| PAY VERSUS PERFORMANCE |

| Reconciliation of CEO SCT to PVP Compensation                                                                                                                                                                                      
 Year                                                                                                                                                                                                                               |     | SCT Total Compensation |            |     | Deductions from SCT  Total(1) |             |     | Additions to SCT Total(2) |             |     | Compensation Actually Paid to CEO          |             |     | Fiscal Year End Stock Price |         |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----------------------|-----------:|:----|