The CEO of BWX Technologies, Rex Geveden, has a total yearly compensation of $6.67 million.
Rex Geveden, who was appointed CEO in January 2017 and has a tenure of approximately 7.92 years, receives his compensation through a combination of salary and various performance-based incentives.
Understanding Rex Geveden's Compensation Breakdown
Mr. Geveden's total compensation package for the year is primarily performance-based, reflecting a common trend in executive remuneration across public companies.
Compensation Details
The compensation is structured as follows:
| Component | Percentage of Total Compensation | Amount (Approximate) |
|---|---|---|
| Salary | 14.4% | $960,480 |
| Bonuses | 85.6% | $5,709,520 |
| Total | 100% | $6,670,000 |
The "bonuses" portion is comprehensive, typically including performance-based cash bonuses, company stock awards, and stock options, which align the CEO's interests with shareholder value creation.
Share Ownership in BWX Technologies
Beyond his yearly compensation, Rex Geveden also holds a significant stake in BWX Technologies directly. He owns 0.26% of the company's shares. As of recent data, these direct shareholdings are valued at approximately $26.71 million. This substantial ownership further reinforces his vested interest in the long-term success and growth of BWXT.
Executive Compensation
