Form 4: Jimmy B. Morgan receives 100,000 RSUs at Babcock & Wilcox
Rhea-AI Filing Summary
Babcock & Wilcox Enterprises, Inc. reported a grant of 100,000 restricted stock units (RSUs) to Jimmy B. Morgan, who is identified as the company's Chief Commercial Officer. The RSUs represent a contingent right to receive one share of the company's common stock for each RSU and are issued under the company's Amended and Restated Long-Term 2021 Incentive Plan.
The transaction date listed is 08/07/2025 and the reporting table shows 100,000 RSUs beneficially owned following the transaction in a direct ownership form. The RSUs vest in three annual installments beginning August 7, 2026.
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Insights
TL;DR: Form 4 discloses a 100,000 RSU grant to the Chief Commercial Officer, vesting in three annual installments.
The filing documents a derivative award: 100,000 Restricted Stock Units granted under the company's 2021 Incentive Plan with a transaction date of 08/07/2025. Each RSU converts to one share of common stock if vested, and the units are shown as directly beneficially owned following the grant. Vesting begins 08/07/2026 and occurs in three annual installments, per the explanation provided in the form.
TL;DR: The filing records a routine equity compensation grant of 100,000 RSUs to an executive with a multi-year vesting schedule.
The document identifies the grant instrument as Restricted Stock Units and cites the governing plan as the Amended and Restated Long-Term 2021 Incentive Plan. The form shows the RSUs vest in three annual installments beginning August 7, 2026, and lists the award as direct beneficial ownership following the transaction. The entry is recorded on Form 4 as required for officer reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 100,000 | $0.00 | $0.00 |
Footnotes (2)
- 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.
- F2. RSUs vest in three annual installments beginning August 7, 2026.
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