Jimmy B. Morgan - 28 Jul 2023 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: 28 Jul 2023
Net transactions value: +$96,387
Form type: 4
Filing time: 01 Aug 2023, 16:36:43 UTC
Previous filing: 04 May 2023
Next filing: 15 Aug 2023
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	$177,998	+33,333	+8.2%	$5.34	439,865	28 Jul 2023	Direct
transaction	BW	Common Stock	Tax liability	$81,611	-15,283	-3.5%	$5.34	424,582	28 Jul 2023	Direct	F1

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	-33,333	-33%	$0.000000	66,667	28 Jul 2023	Common Stock	33,333		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	RSUs vest in three annual installments beginning July 28, 2023.