[Form 4] Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 Insider Trading Activity

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises, Inc. (BW) – Form 4 insider filing

On 07/28/2025, CEO & Director Kenneth M. Young converted 50,000 Restricted Stock Units into common shares (Code M). Concurrently, the issuer withheld 24,958 shares (Code F) at $1.04 per share to satisfy tax obligations, resulting in a net acquisition of 25,042 shares.

After the transactions, Young holds 1,421,376 shares directly and 241,745 shares indirectly through a revocable trust, bringing his total beneficial ownership to roughly 1.66 million shares. All RSUs from this grant are now fully settled and no derivative securities remain outstanding under this award.

The activity reflects scheduled vesting under the company’s 2021 Long-Term Incentive Plan and modestly increases the CEO’s equity stake, aligning executive interests with shareholders.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; CEO nets +25k shares, small alignment signal, limited market impact.

The filing shows a standard vesting event rather than an open-market purchase. Although Young’s direct stake grows to 1.4 M shares, the bulk of the 50 k share issuance was offset by tax-related withholding. No cash outlay was required, and the $1.04 reference price suggests a low grant price versus current market levels, but investors should note the net addition is only ~1.7% of his pre-transaction holdings. Overall impact on capital structure and float is immaterial; however, continued ownership by the CEO can be viewed as mildly supportive of long-term alignment.

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
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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^*

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)
07/28/2025

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
Common Stock	07/28/2025		M		50,000	A	$1.04	1,446,334	D
Common Stock	07/28/2025		F		24,958(1)	D	$1.04	1,421,376	D
Common Stock								241,745	I	See Note(2)

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	(3)	07/28/2025		M			50,000	(4)	(4)	Common Stock	50,000	$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 restricted stock units.

2. Held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15.

3. 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.

4. RSUs vest in three annual installments beginning July 28, 2023.

	/s/ John J. Dziewisz, attorney-in-fact for Kenneth M. Young	07/30/2025
	** Signature of Reporting Person	Date
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