Kenneth M. Young - 28 Jul 2022 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role
Chief Executive Officer, Director
Signature
/s/ John J. Dziewisz, attorney-in-fact for Kenneth M. Young
Issuer symbol
BW
Transactions as of
28 Jul 2022
Net transactions value
$0
Form type
4
Filing time
29 Jul 2022, 16:53:43 UTC
Previous filing
29 Jun 2022
Next filing
26 Aug 2022
SEC
View on sec.gov

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 +150,000 $0.000000 150,000 28 Jul 2022 Common Stock 150,000 Direct F1, F2
transaction BW Performance Units Award $0 +150,000 $0.000000 150,000 28 Jul 2022 Common Stock 150,000 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.