Rex D. Geveden

Since January 1, 2017

Age

63 years

Education

Holds bachelor's and master's degrees in physics from Murray State University.

Tenure

Joined BWXT in October 2015 as Chief Operating Officer and was promoted to President and Chief Executive Officer in January 2017.

Also at BWX Technologies

KMM

Kevin M. McCoy

President of Government Operations

OFM

Omar F. Meguid

Senior Vice President and Chief Digital Officer

RAL

Robb A. LeMasters

Senior Vice President and CFO

About

Rex D. Geveden is a seasoned executive with a strong foundation in physics and leadership experience across both government and private sectors. He earned his bachelor's and master's degrees in physics from Murray State University, establishing a solid technical base that has supported his expansive career.

His professional journey began with a remarkable 17-year tenure at NASA, where he played key roles including Associate Administrator and managed a technical portfolio valued at $16 billion. This period honed his strategic and operational expertise, paving the way for subsequent leadership roles.

At BWXT, his impact has been significant. He joined the company in October 2015 as Chief Operating Officer and was promoted to President and Chief Executive Officer in January 2017, a transition that has been instrumental in advancing the company's high-consequence technology programs and commercial manufacturing operations.

Beyond his primary responsibilities at BWXT, he has also enhanced his industry influence through board memberships, such as with TTM Technologies, Inc., further highlighting his commitment to excellence and leadership in the broader technology and manufacturing sectors.

$BWXT Performance Under Rex D. Geveden

Past Roles

Organization	Role	Date Range	Details
BWXT	Chief Operating Officer	Oct 2015 – Dec 2016	Prior to becoming President & CEO
Teledyne Technologies Incorporated	Executive Vice President	Since 2013 – pre-BWXT	Led 2 of 4 operating segments
Teledyne Technologies Incorporated	President of Teledyne DALSA, Inc.	From 2014 – pre-BWXT
Teledyne Technologies Incorporated	President and CEO of Teledyne Scientific and Imaging, LLC	2011 – 2013
Teledyne Technologies Incorporated	President of Teledyne Brown Engineering, Inc. and Engineered Systems Segment	2007 – 2011
NASA	Associate Administrator	Not specified	Responsible for technical operations of a $16B portfolio; 17-year career

External Roles

Organization	Role	Date Range	Details
TTM Technologies, Inc.	Chairman of the Board of Directors	Since 2021	Director since 2018

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Annual Base Salary	$975,000	January 2023 with adjustment in April 2023	Base salary increased by $50,000 effective April 2023
Thrift Plan Contributions	$22,887	Year-round	50% match on contributions up to 6% of salary
Restoration Plan Contributions	$44,275	Year-round	50% match on the first 6% of deferral contributions
Perquisites	$12,650	Year-round	Financial planning services

Performance Compensation

Data from FY 2023

Annual Incentive Compensation (EICP)

Metric [Unit]	Threshold	Target	Maximum	Actual	Weighting
Operating Income [USD millions]	$333.4M (50% payout)	$392.3M (100% payout)	$451.1M (200% payout)	$393.7M (100% payout)	70% of Financial (90% total)
Operating Cash Flow [USD millions]	$296.0M (50% payout)	$348.2M (100% payout)	$400.4M (200% payout)	$369.9M (100% payout)	20% of Financial (90% total)
TRIR [Ratio]	0.80	0.64	0.54	0.76	Part of Individual (9-10% total)
DART [Ratio]	0.34	0.27	0.22	0.40	Part of Individual (9-10% total)

Additional Details:

Total target EICP payout: $1,112,500 with earnings from salary of $962,500.
Evaluation period for performance: 2023.
Payout is calculated as: Salary x Target Percentage x (Financial Multiplier + Individual Performance Result).
Safety performance adjustments reduced the individual performance weight from 10% to 9%.

Performance Restricted Stock Units (PRSUs)

Component	Detail	Value/Condition
Weighting – Adjusted EBITDA	Performance weight	40%
Weighting – Average ROIC	Performance weight	40%
Weighting – Relative TSR	Performance weight	20%
Adjusted EBITDA Growth	Threshold	90% of target
Adjusted EBITDA Growth	Target	Based on 7% growth rate
Adjusted EBITDA Growth	Maximum	Based on 12% growth rate
Average ROIC	Threshold	9.7%
Average ROIC	Target	12.1%
Average ROIC	Maximum	14.5%
Relative TSR	Threshold	25th percentile of S&P Aerospace & Defense Index
Relative TSR	Target	50th percentile
Relative TSR	Maximum	75th percentile
Vesting Schedule	Vesting condition	100% vesting on February 27, 2026
Shares – Vesting Outcome	Number of shares at different performance levels	20,421 (Threshold), 40,842 (Target), 81,684 (Maximum)
Evaluation Period	Performance measurement period	January 1, 2023 – December 31, 2025

Stock Options (Time-Based Vesting)

Component	Detail	Value/Condition
Grant Date	Date of option grant	February 27, 2023
Grant Date Fair Value	Valuation at grant	$840,005
Exercise Price	Price to exercise the options	$61.70
Number of Options	Total options granted	52,731
Vesting Schedule	Vesting tranche details: 1/3 on first anniversary, then equal installments	1/3 on February 27, 2024, remainder on February 27, 2025 and 2026
Expiration Date	Option expiration date	February 27, 2033