Joseph T. Buckler - Aug 11, 2023 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Signature
/s/ John J. Dziewisz, attorney-in-fact for Joseph T. Buckler
Stock symbol
BW
Transactions as of
Aug 11, 2023
Transactions value $
$16,951
Form type
4
Date filed
8/15/2023, 04:31 PM
Previous filing
Aug 1, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BW Common Stock Sale -$13.3K -2.5K -2.33% $5.33 105K Aug 11, 2023 Direct F1
transaction BW Common Stock Options Exercise $55.4K +10K +9.54% $5.54 115K Aug 11, 2023 Direct
transaction BW Common Stock Tax liability -$25.1K -4.54K -3.95% $5.54 110K Aug 11, 2023 Direct F2
holding BW Common Stock 551 Aug 11, 2023 401k Plan

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 -10K -50% $0.00 10K Aug 11, 2023 Common Stock 10K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 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 unit.
F3 Pursuant to Babcock & Wilcox Enterprises, Inc. Amended and Restated 2021 Long-Term Incentive Plan, each Restricted Stock Unit (RSU) represents a contingent right to receive one share of BW common stock.
F4 RSUs vest in three installments beginning August 11, 2022.