Jimmy B. Morgan - Aug 11, 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
Stock symbol
BW
Transactions as of
Aug 11, 2023
Transactions value $
$99,997
Form type
4
Date filed
8/15/2023, 04:36 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 Options Exercise $185K +33.3K +7.85% $5.54 458K Aug 11, 2023 Direct
transaction BW Common Stock Tax liability -$84.7K -15.3K -3.34% $5.54 443K Aug 11, 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 -33.3K -50% $0.00 33.3K Aug 11, 2023 Common Stock 33.3K 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 Pursuant to the Babcock & Wilcox Enterprises, Inc. 2021 Long-Term Incentive Plan, each restricted stock unit represents a contingent right to receive one share of BW common stock.
F3 RSUs vest annually in three equal installments beginning on August 11, 2022.