Jimmy B. Morgan - Aug 25, 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
Stock symbol: BW
Transactions as of: Aug 25, 2021
Transactions value $: $214,501
Form type: 4
Date filed: 8/27/2021, 04:37 PM
Previous filing: Aug 17, 2021
Next filing: Oct 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BW	Common Stock	Options Exercise	$393K	+50K	+19.92%	$7.85	301K	Aug 25, 2021	Direct	F1
transaction	BW	Common Stock	Tax liability	-$178K	-22.7K	-7.53%	$7.85	278K	Aug 25, 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	-50K	-33.33%	$0.00	100K	Aug 25, 2021	Common Stock	50K	$0.00	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.