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 | +150K | $0.00 | 150K | Jul 28, 2022 | Common Stock | 150K | Direct | F1, F2 | ||
transaction | BW | Performance Units | Award | $0 | +150K | $0.00 | 150K | Jul 28, 2022 | Common Stock | 150K | Direct | F3, F4 |
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. |