Jimmy B. Morgan - 13 Aug 2021 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role
Chief Operating Officer
Signature
/s/ John J. Dziewisz, attorney-in-fact for Jimmy B. Morgan
Issuer symbol
BW
Transactions as of
13 Aug 2021
Net transactions value
+$212,588
Form type
4
Filing time
17 Aug 2021, 17:11:17 UTC
Previous filing
16 Aug 2021
Next filing
27 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BW Common Stock Options Exercise $389,000 +50,000 +22% $7.78 273,688 13 Aug 2021 Direct
transaction BW Common Stock Tax liability $176,412 -22,675 -8.3% $7.78 251,013 13 Aug 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BW Restricted Stock Units Options Exercise $0 -50,000 -50% $0.000000 50,000 13 Aug 2021 Common Stock 50,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld by the Issuer pursuant to the terms of the award to pay tax withholding obligations of the Reporting Person upon the vesting of the restricted stock units.
F2 Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.
F3 Restricted stock units vest in three equal annual installments beginning on August 13, 2020.