Babcock & Wilcox director exercises RSUs, settles tax
Babcock & Wilcox Enterprises director Philip D. Moeller reported compensation-related share activity involving restricted stock units.
Rhea-AI Filing Summary
Babcock & Wilcox Enterprises director Philip D. Moeller reported compensation-related share activity involving restricted stock units. He exercised or converted 85,000 restricted stock units into common stock, and 46,750 shares were settled in cash by the company to cover tax payments under the award terms. After these transactions, he directly held 235,809 shares of common stock. Moeller also received a new grant of 8,725 restricted stock units under the Amended and Restated 2021 Long-Term Incentive Plan, which are scheduled to vest on May 15, 2027 or on the date of the next annual meeting, whichever is earlier.
Positive
- None.
Negative
- None.
Insider Trade Summary
85,000 shares exercised/converted
Exercise
4 txns
Insider
Moeller Philip D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,725 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 85,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 85,000 | $21.22 | $1.80M |
| Disposition | Common Stock | 46,750 | $21.22 | $992K |
Holdings After Transaction:
Restricted Stock Units — 8,725 contracts (Direct);
Common Stock — 235,809 shares (Direct)
Footnotes (4)
- F1. Represents the settlement in cash, pursuant to the applicable award terms, by BW of a portion of the restricted stock units that vested to facilitate tax payments by the reporting person.
- F2. Pursuant to Babcock & Wilcox Enterprises, Inc. Amended and Restated 2021 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.
- F3. Vests May 15, 2027 or date of next Annual Meeting, whichever is earlier.
- F4. Vests May 15, 2026 or date of next Annual Meeting, whichever is earlier.
Key Figures
RSUs exercised: 85,000 units
Cash-settled shares for tax: 46,750 shares at $21.22
Shares held after transactions: 235,809 shares
+3 more
6 metrics
RSUs exercised
85,000 units
Restricted Stock Units converted to common stock on May 15, 2026
Cash-settled shares for tax
46,750 shares at $21.22
Disposition to issuer to facilitate tax payments
Shares held after transactions
235,809 shares
Common stock directly owned following Form 4 transactions
New RSU grant
8,725 units
Restricted stock units granted under 2021 Long-Term Incentive Plan
New RSU vesting date
May 15, 2027
Vests then or at next annual meeting, whichever is earlier
Implied share value for tax settlement
$21.22 per share
Price per share used for 46,750-share cash settlement
Key Terms
Restricted Stock Units, Disposition to issuer, Exercise or conversion of derivative security, Amended and Restated 2021 Long-Term Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"Represents the settlement in cash, pursuant to the applicable award terms, by BW of a portion of the restricted stock units that vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Amended and Restated 2021 Long-Term Incentive Plan financial
"Pursuant to Babcock & Wilcox Enterprises, Inc. Amended and Restated 2021 Long-Term Incentive Plan"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What did BW director Philip Moeller report in this Form 4?
Philip D. Moeller reported exercising 85,000 restricted stock units into common stock. Of the resulting shares, 46,750 were settled in cash by Babcock & Wilcox Enterprises to facilitate his tax payments, and he received a new 8,725-unit RSU grant.
Were Philip Moeller’s BW transactions open-market buys or sells?
The transactions were not open-market trades. They involved the exercise or conversion of 85,000 restricted stock units and a disposition of 46,750 shares to the issuer, settled in cash to facilitate tax payments, under the applicable equity award terms.
What new equity award did Philip Moeller receive from BW?
Moeller received a new grant of 8,725 restricted stock units under Babcock & Wilcox Enterprises’ Amended and Restated 2021 Long-Term Incentive Plan. Each unit represents a contingent right to receive one share of common stock upon vesting, subject to plan conditions.
When do Philip Moeller’s newly granted BW RSUs vest?
The newly granted 8,725 restricted stock units are scheduled to vest on May 15, 2027, or on the date of the next annual meeting of shareholders, whichever occurs earlier. Vesting remains subject to the terms of the long-term incentive plan and award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
