How is the Alan & Penny Howe Trust related to Alan B. Howe’s BW holdings?

The Alan & Penny Howe Trust is described as a trust dated November 2012, of which Alan B. Howe is a trustee, and it benefits the reporting person or their family. BW shares transferred by gift now reside in this trust as indirect holdings.

Babcock & Wilcox (NYSE: BW) director shifts 165,994-share stake into family trust

Q: What insider transaction did Alan B. Howe report for BW on August 18, 2026?

Alan B. Howe reported a bona fide gift of 165,994 shares of Babcock & Wilcox Enterprises, Inc. (BW) common stock on 2026-08-18, moving them from his direct ownership into the Alan & Penny Howe Trust that benefits him or his family.

Q: How many BW shares did Alan B. Howe transfer by gift in this Form 4?

He transferred 165,994 shares of BW common stock as a bona fide gift from his direct holdings to the Alan & Penny Howe Trust. The Form 4 shows a matching disposition of 165,994 directly owned shares and an acquisition of 165,994 shares by the trust.

Q: What are Alan B. Howe’s BW shareholdings after the reported gift?

After the transactions, Alan B. Howe reports 238,600 BW shares held indirectly through the Alan & Penny Howe Trust and 13,000 BW shares held indirectly through an IRA. His directly owned BW common stock position is reported as 0 shares following the gift.

Q: Was Alan B. Howe’s BW Form 4 transaction under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes describe the movement as a gift of BW shares into the Alan & Penny Howe Trust rather than a pre-arranged trading plan transaction.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises, Inc. (BW) director Alan B. Howe reported a bona fide gift of 165,994 shares of common stock on 2026-08-18, transferring them from his direct ownership to the Alan & Penny Howe Trust, where he is a trustee and which benefits him or his family. Following the gift, the trust holds 238,600 BW shares indirectly for him, and he also has 13,000 shares held indirectly through an IRA. His directly owned BW common stock is now reported as 0 shares.

Insider Trade Summary

331,988 shares gifted

Gift 3 txns

Insider Howe Alan B

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock ^{F1, F2}	165,994	$0.00	$0.00
Gift	Common Stock ^F1	165,994	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 238,600 shares (Indirect, Alan & Penny Howe Trust); Common Stock — 0 shares (Direct); Common Stock — 13,000 shares (Indirect, IRA)

Footnotes (2)

F1. Gift of BW shares held by Alan B. Howe into a trust account, the Alan & Penny Howe Trust (dated November 2012), of which the reporting person is a trustee, that benefits the reporting person or their family.
F2. These securities are owned by the Alan & Penny Howe Trust (dated November 2012), of which the reporting person is a trustee, that benefits the report person or their family.

Key Figures

Shares gifted: 165,994 shares of Common Stock Shares acquired by trust: 165,994 shares of Common Stock Indirect holdings via trust after transaction: 238,600 shares of Common Stock +1 more

4 metrics

Shares gifted 165,994 shares of Common Stock Bona fide gift on 2026-08-18 from direct ownership

Shares acquired by trust 165,994 shares of Common Stock Bona fide gift to Alan & Penny Howe Trust on 2026-08-18

Indirect holdings via trust after transaction 238,600 shares of Common Stock Owned by Alan & Penny Howe Trust after the gift

Indirect holdings via IRA after transaction 13,000 shares of Common Stock IRA position reported as of 2026-08-18

Key Terms

bona fide gift, indirect, trustee

3 terms

bona fide gift financial

"transaction_code_description: Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

indirect financial

"ownership_type: indirect; nature_of_ownership: Alan & Penny Howe Trust"

trustee financial

"of which the reporting person is a trustee, that benefits the reporting person"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

What insider transaction did Alan B. Howe report for BW on August 18, 2026?

Alan B. Howe reported a bona fide gift of 165,994 shares of Babcock & Wilcox Enterprises, Inc. (BW) common stock on 2026-08-18, moving them from his direct ownership into the Alan & Penny Howe Trust that benefits him or his family.

How many BW shares did Alan B. Howe transfer by gift in this Form 4?

He transferred 165,994 shares of BW common stock as a bona fide gift from his direct holdings to the Alan & Penny Howe Trust. The Form 4 shows a matching disposition of 165,994 directly owned shares and an acquisition of 165,994 shares by the trust.

What are Alan B. Howe’s BW shareholdings after the reported gift?

After the transactions, Alan B. Howe reports 238,600 BW shares held indirectly through the Alan & Penny Howe Trust and 13,000 BW shares held indirectly through an IRA. His directly owned BW common stock position is reported as 0 shares following the gift.

Was Alan B. Howe’s BW Form 4 transaction under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes describe the movement as a gift of BW shares into the Alan & Penny Howe Trust rather than a pre-arranged trading plan transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/20/2026 - 05:08 PM Accepted by SEC EDGAR 08/20/2026 - 05:07 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Howe Alan B

(Last)

(First)

(Middle)

1200 EAST MARKET STREET

(Street)

AKRON

OHIO

44305

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Babcock & Wilcox Enterprises, Inc. [ BW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/18/2026		G		165,994⁽¹⁾	A	$0	238,600	I⁽²⁾	Alan & Penny Howe Trust
Common Stock	08/18/2026		G		165,994⁽¹⁾	D	$0	0	D
Common Stock								13,000	I	IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Gift of BW shares held by Alan B. Howe into a trust account, the Alan & Penny Howe Trust (dated November 2012), of which the reporting person is a trustee, that benefits the reporting person or their family.

2. These securities are owned by the Alan & Penny Howe Trust (dated November 2012), of which the reporting person is a trustee, that benefits the report person or their family.

	/s/ Amy M. Saus, attorney-in-fact for Alan B. Howe	08/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR