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    Rex D. Geveden

    President and CEO at BWX Technologies Inc
    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 Inc

    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

    OrganizationRoleDate RangeDetails
    BWXTChief Operating OfficerOct 2015 – Dec 2016Prior to becoming President & CEO
    Teledyne Technologies IncorporatedExecutive Vice PresidentSince 2013 – pre-BWXTLed 2 of 4 operating segments
    Teledyne Technologies IncorporatedPresident of Teledyne DALSA, Inc.From 2014 – pre-BWXT
    Teledyne Technologies IncorporatedPresident and CEO of Teledyne Scientific and Imaging, LLC2011 – 2013
    Teledyne Technologies IncorporatedPresident of Teledyne Brown Engineering, Inc. and Engineered Systems Segment2007 – 2011
    NASAAssociate AdministratorNot specifiedResponsible for technical operations of a $16B portfolio; 17-year career

    External Roles

    OrganizationRoleDate RangeDetails
    TTM Technologies, Inc.Chairman of the Board of DirectorsSince 2021Director since 2018

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$975,000January 2023 with adjustment in April 2023Base salary increased by $50,000 effective April 2023
    Thrift Plan Contributions$22,887Year-round50% match on contributions up to 6% of salary
    Restoration Plan Contributions$44,275Year-round50% match on the first 6% of deferral contributions
    Perquisites$12,650Year-roundFinancial planning services

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Compensation (EICP)

    Metric [Unit]ThresholdTargetMaximumActualWeighting
    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]0.800.640.540.76Part of Individual (9-10% total)
    DART [Ratio]0.340.270.220.40Part 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)

    ComponentDetailValue/Condition
    Weighting – Adjusted EBITDAPerformance weight40%
    Weighting – Average ROICPerformance weight40%
    Weighting – Relative TSRPerformance weight20%
    Adjusted EBITDA GrowthThreshold90% of target
    Adjusted EBITDA GrowthTargetBased on 7% growth rate
    Adjusted EBITDA GrowthMaximumBased on 12% growth rate
    Average ROICThreshold9.7%
    Average ROICTarget12.1%
    Average ROICMaximum14.5%
    Relative TSRThreshold25th percentile of S&P Aerospace & Defense Index
    Relative TSRTarget50th percentile
    Relative TSRMaximum75th percentile
    Vesting ScheduleVesting condition100% vesting on February 27, 2026
    Shares – Vesting OutcomeNumber of shares at different performance levels20,421 (Threshold), 40,842 (Target), 81,684 (Maximum)
    Evaluation PeriodPerformance measurement periodJanuary 1, 2023 – December 31, 2025

    Stock Options (Time-Based Vesting)

    ComponentDetailValue/Condition
    Grant DateDate of option grantFebruary 27, 2023
    Grant Date Fair ValueValuation at grant$840,005
    Exercise PricePrice to exercise the options$61.70
    Number of OptionsTotal options granted52,731
    Vesting ScheduleVesting tranche details: 1/3 on first anniversary, then equal installments1/3 on February 27, 2024, remainder on February 27, 2025 and 2026
    Expiration DateOption expiration dateFebruary 27, 2033