Company: BWXT
Filing Date: 2025-03-19
Form Type: 10-K/A
Source: 0001486957-25-000015
Chunk: 124

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: 10-K/A
Chunk 124
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In the event of a change in control of the Company, the terms of the awards under the cash-settled plan contain provisions that may cause restrictions to lapse and accelerate the vesting of awards.

Stock-based compensation expense for all of our plans recognized for the years ended December 31, 2024, 2023 and 2022 totaled $21.8 million, $16.2 million and $14.6 million, respectively, with associated tax benefit totaling $3.6 million, $2.6 million and $2.3 million, respectively.

As of December 31, 2024, unrecognized estimated compensation expense related to nonvested awards was $24.5 million, which is expected to be recognized over a weighted-average period of 1.8 years.

#### Stock Options
The following table summarizes activity for our stock options for the year ended December 31, 2024 (share data in thousands):

|                                    |     | Number 
 of     
 Shares |     |     | Weighted- 
 Average   
 Exercise  
 Price     |        |     | Weighted-   
 Average     
 Remaining   
 Contractual 
 Term        
 (In Years)  |     |     |     | Aggregate     
 Intrinsic     
 Value         
 (In millions) |     |
|:-----------------------------------|:----|:-------|----:|:----|:----------|-------:|:----|:------------|:----|----:|:----|:--------------|----:|
| Outstanding at beginning of period |     |        | 183 |     | $         |  54.73 |     |             |     |     |     |               |     |
| Granted                            |     |        |  96 |     | $         | 100.83 |     |             |     |     |     |               |     |
| Exercised                          |     |        | -25 |     | $         |  29.08 |     |             |     |     |     |               |     |
| Cancelled/expired/forfeited        |     |        |  -4 |     | $         |  15.93 |     |             |     |     |     |               |     |
| Outstanding at end of period       |     |        | 250 |     | $         |  74.94 |     |             |     | 8.2 |     | $             | 9.1 |
| Exercisable at