Jimmy B. Morgan - 25 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: 25 Aug 2021
Net transactions value: +$214,501
Form type: 4
Filing time: 27 Aug 2021, 16:37:40 UTC
Previous filing: 17 Aug 2021
Next filing: 12 Oct 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	$392,500	+50,000	+20%	$7.85	301,013	25 Aug 2021	Direct	F1
transaction	BW	Common Stock	Tax liability	$177,999	-22,675	-7.5%	$7.85	278,338	25 Aug 2021	Direct

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	-33%	$0.000000	100,000	25 Aug 2021	Common Stock	50,000	$0.000000	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	RSUs vest in three equal installments beginning on August 25, 2021.
F2	Pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan, each restricted stock unit (RSU) represents a contingent right to receive one share of BW common stock. RSUs vest in three installments beginning on August 25, 2021.