BW counsel receives 25,000 RSUs, net shares added
Babcock & Wilcox Enterprises General Counsel & Secretary John J. Dziewisz received a grant of 25,000 restricted stock units (RSUs) that vested immediately and were converted into 25,000 shares of common stock at a stated value of $10.51 per share.
Rhea-AI Filing Summary
Babcock & Wilcox Enterprises General Counsel & Secretary John J. Dziewisz received a grant of 25,000 restricted stock units (RSUs) that vested immediately and were converted into 25,000 shares of common stock at a stated value of $10.51 per share.
To cover tax withholding obligations upon vesting, 11,150 common shares were withheld by the company, leaving Dziewisz with a net increase of 13,850 common shares. Following these transactions, he holds 294,718 common shares directly and 2.25 common shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,000 | $10.51 | $263K |
| Exercise Price or Tax Liability | Common Stock | 11,150 | $10.51 | $117K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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 immediately on grant date.
FAQ
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What did BW executive John J. Dziewisz report in this Form 4?
At what price were John J. Dziewisz’s BW RSUs converted into common stock?
What position does John J. Dziewisz hold at Babcock & Wilcox Enterprises (BW)?
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