Louis Salamone Jr - Jul 28, 2023 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role
Chief Financial Officer
Signature
/s/ John J. Dziewisz, attorney-in-fact for Louis Salamone Jr.
Stock symbol
BW
Transactions as of
Jul 28, 2023
Transactions value $
$105,235
Form type
4
Date filed
8/1/2023, 04:41 PM
Previous filing
May 17, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BW Common Stock Options Exercise $169K +31.7K +6.19% $5.34 543K Jul 28, 2023 Direct
transaction BW Common Stock Tax liability -$63.9K -12K -2.2% $5.34 531K Jul 28, 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 -31.7K -33.33% $0.00 63.3K Jul 28, 2023 Common Stock 31.7K 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 restricted stock units.
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.