BW (BW) General Counsel granted 25,000 RSUs and nets 13,850 shares
Filing Impact
Filing Sentiment
Form Type
4
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
25,000 shares exercised/converted
Mixed
5 txns
Insider
Dziewisz John J
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $10.51 | $263K |
| Tax Withholding | Common Stock | 11,150 | $10.51 | $117K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 25,000 shares (Direct);
Common Stock — 305,868 shares (Direct);
Common Stock — 2.25 shares (Indirect, 401k Plan)
Footnotes (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. 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. RSUs vest immediately on grant date.
FAQ
What did BW executive John J. Dziewisz report in this Form 4?
John J. Dziewisz reported a grant of 25,000 restricted stock units that vested immediately and converted into common stock. A portion of the resulting shares was withheld to satisfy tax obligations, with the remainder added to his direct ownership position.
At what price were John J. Dziewisz’s BW RSUs converted into common stock?
The RSUs were converted into common stock at a stated value of $10.51 per share. This price appears in the common stock transaction entries associated with the RSU exercise on the same date in the Form 4 data.
What position does John J. Dziewisz hold at Babcock & Wilcox Enterprises (BW)?
Dziewisz is identified as General Counsel & Secretary of Babcock & Wilcox Enterprises. This officer title is disclosed in the reporting person details section of the Form 4 insider transaction information.