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BW Form 4: CEO Kenneth Young awarded 150,000 restricted stock units

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Form Type
4

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises, Inc. filed a Form 4 reporting that Kenneth M. Young, who is listed as both a director and the Chief Executive Officer, was granted 150,000 restricted stock units (RSUs) on 08/07/2025 under the company's Amended and Restated Long-Term 2021 Incentive Plan. Each RSU represents a contingent right to receive one share of the company's common stock.

The RSUs are recorded with a $0 conversion/exercise price and are shown as 150,000 derivative securities beneficially owned following the transaction. Vesting is stated to occur in three annual installments beginning August 7, 2026. The Form 4 was signed by an attorney-in-fact on 08/11/2025.

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Insights

TL;DR: Executive equity award granted to the CEO with multi-year vesting; appears to be a routine long-term incentive.

The Form 4 documents a grant of 150,000 RSUs to Kenneth M. Young under the Amended and Restated Long-Term 2021 Incentive Plan, which converts one-for-one to common shares upon settlement. Vesting in three annual installments beginning 08/07/2026 ties compensation to continued service over multiple years. The filing notes a $0 conversion/exercise price and records the RSUs as beneficially owned following the grant. Material impact for shareholders cannot be assessed from this filing alone because the total outstanding share count, potential dilution at settlement, and any performance conditions (if applicable) are not disclosed here.

TL;DR: A standard long-term incentive grant: 150,000 RSUs with three-year vesting, intended for retention and alignment with shareholders.

The award is documented as a contingent right to one share per RSU and is listed as 150,000 derivative securities with a $0 price. Vesting commences 08/07/2026 in three annual installments, which is a common structure to promote retention. The form was executed by an attorney-in-fact on 08/11/2025. To evaluate compensation appropriateness or dilution effects, additional data such as total outstanding shares, prior grants, and any performance metrics would be required and are not provided in this filing.

Insider Young Kenneth M
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 150,000 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 150,000 shares (Direct)
Footnotes (2)
  1. F1. 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.
  2. F2. RSUs vest in three annual installments beginning August 7, 2026.

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FAQ

Who filed the Form 4 for BWSN?

The Form 4 was filed on behalf of Kenneth M. Young, who is identified in the filing as a Director and Chief Executive Officer.

What transaction is reported for Babcock & Wilcox (BWSN)?

The filing reports a grant of 150,000 restricted stock units (RSUs) to Kenneth M. Young, dated 08/07/2025.

What is the vesting schedule for the RSUs reported in the Form 4?

The RSUs are set to vest in three annual installments beginning August 7, 2026.

Under which plan were the RSUs granted?

The RSUs were granted pursuant to the Amended and Restated Long-Term 2021 Incentive Plan.

How many shares does each RSU convert to and what price is shown?

Each RSU represents a contingent right to receive one share of common stock and the filing shows a $0 conversion/exercise price.
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*
Young Kenneth M

(Last) (First) (Middle)
1200 EAST MARKET STREET

(Street)
AKRON OH 44305

(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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 Unit (1) 08/07/2025 A 150,000 (2) (2) Common Stock 150,000 $0 150,000 D
Explanation of Responses:
1. 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.
2. RSUs vest in three annual installments beginning August 7, 2026.
/s/ John J. Dziewisz, attorney-in-fact for Kenneth M. Young 08/11/2025
** 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.