Jimmy B. Morgan - Jul 28, 2022 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
Jul 28, 2022
Transactions value $
$0
Form type
4
Date filed
7/29/2022, 04:49 PM
Previous filing
Mar 15, 2022
Next filing
Aug 15, 2022

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 Award $0 +100K $0.00 100K Jul 28, 2022 Common Stock 100K Direct F1, F2
transaction BW Performance Stock Units Award $0 +125K $0.00 125K Jul 28, 2022 Common Stock 125K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) is granted pursuant to Babcock & Wilcox Enterprises, Inc. Amended and Restated Long-Term 2021 Incentive Plan and represents a contingent right to receive one share of BW common stock.
F2 RSUs vest in three annual installments beginning July 28, 2023.
F3 Each performance stock unit (PSU) is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2021 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.
F4 100% of PSUs vest immediately upon the company's common stock achieving a market price of $12.00 per share at the end of any trading day during the period from July 28, 2022 to July 27, 2027.