Jimmy B. Morgan - 08 Oct 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: 08 Oct 2021
Net transactions value: +$84,574
Form type: 4
Filing time: 12 Oct 2021, 16:22:19 UTC
Previous filing: 27 Aug 2021
Next filing: 30 Dec 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	$154,750	+25,000	+9%	$6.19	303,338	08 Oct 2021	Direct	F1
transaction	BW	Common Stock	Tax liability	$70,176	-11,337	-3.7%	$6.19	292,001	08 Oct 2021	Direct	F2

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	-25,000	-100%	$0.000000^*	0	08 Oct 2021	Common Stock	25,000	$0.000000	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Unites (RSUs) fully vested.
F2	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 RSUs.
F3	Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock.