Babcock & Wilcox (BW) CFO gains 225,000 RSUs and buys shares

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises Chief Financial Officer Cameron M. Frymyer acquired additional equity through compensation and a small market purchase. On March 16, 2026, Frymyer received and immediately vested in 225,000 restricted stock units, which converted into the same number of common shares. The company withheld 100,350 shares at $10.51 per share to cover tax obligations, leaving the remaining shares as new holdings. On March 18, 2026, Frymyer made an open‑market purchase of 1,285 common shares at $14.76 per share. Following these transactions, Frymyer directly owned 324,143 common shares, with no remaining RSU derivative position reported.

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

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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^*

Frymyer Cameron M

(Last) (First) (Middle)

1200 E. MARKET STREET, SUITE 650

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		M		225,000	A	$10.51	423,208	D
Common Stock	03/16/2026		F		100,350(1)	D	$10.51	322,858	D
Common Stock	03/18/2026		P		1,285	A	$14.76	324,143	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	03/16/2026		A		225,000		(3)	(3)	Common Stock	225,000	$0	225,000	D
Restricted Stock Units	(2)	03/16/2026		M			225,000	(3)	(3)	Common Stock	225,000	$0	0	D

Explanation of Responses:

1. 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.

2. 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.

3. RSUs vest immediately on grant date.

	/s/ John J. Dziewisz, Attorney-in-Fact for Cameron M. Frymyer	03/18/2026
	** 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)

FAQ

What did BW’s CFO Cameron M. Frymyer do in this Form 4 filing?

Cameron M. Frymyer reported receiving 225,000 restricted stock units that vested immediately into common shares and a separate open‑market purchase of 1,285 common shares. These transactions increased his direct equity stake in Babcock & Wilcox Enterprises.

How many Babcock & Wilcox (BW) RSUs were granted to the CFO?

The CFO was granted 225,000 restricted stock units under Babcock & Wilcox Enterprises’ Amended and Restated Long‑Term 2021 Incentive Plan. Each RSU represents a contingent right to receive one share of BW common stock and vested immediately on the grant date.

How were taxes handled on the BW CFO’s RSU vesting?

To satisfy tax withholding obligations at RSU vesting, 100,350 common shares were withheld by Babcock & Wilcox at a price of $10.51 per share. This was a tax-withholding disposition, not an open‑market sale, and reduced the net shares delivered from the award.

Did the BW CFO buy any common stock on the open market?

Yes. On March 18, 2026, the BW CFO executed an open‑market purchase of 1,285 common shares at a price of $14.76 per share. This transaction added to his directly held common stock position following the RSU vesting events.

What is the BW CFO’s common stock ownership after these transactions?

After the RSU vesting, tax-share withholding, and subsequent open‑market purchase, the BW CFO directly owned 324,143 shares of Babcock & Wilcox common stock. The filing shows no remaining restricted stock unit derivative position following the conversions.

Were the BW CFO’s RSUs part of a company incentive plan?

Yes. The restricted stock units were granted under Babcock & Wilcox Enterprises, Inc.’s Amended and Restated Long‑Term 2021 Incentive Plan. Each RSU corresponded to one share of BW common stock and vested immediately upon the grant date according to the plan terms.