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

Rhea-AI Filing Summary

Christopher S. Riker, Chief Operating Officer of Babcock & Wilcox Enterprises, Inc. (BWSN), reported equity activity tied to vested restricted stock units. On 08/25/2025 a grant of 174,000 restricted stock units vested and converted into an equivalent number of common shares.

Following the vesting, the filing shows 174,000 common shares acquired at a reported price of $1.72 per share and 78,909 shares were withheld by the issuer to satisfy tax withholding obligations related to the award, leaving the reporting person with 222,088 directly held shares. The filing also reports 300,997 shares owned directly after a separate acquisition entry and 329,793 shares held indirectly in a 401(k) plan. The Form 4 is signed by an attorney-in-fact on 08/26/2025.

Positive

• RSU vesting is fully disclosed with the vesting date (08/25/2025) and plan source specified
• Tax withholding is documented (78,909 shares withheld) demonstrating transparent settlement mechanics

Negative

• None.

Insights

Financial Analyst

TL;DR: This Form 4 records routine executive compensation vesting and tax-withholding-related share disposition; it is not a financing or market-moving event.

The filing documents the vesting of 174,000 restricted stock units that convert into 174,000 common shares on 08/25/2025. Of those shares, 78,909 were withheld by the issuer to pay tax obligations, consistent with typical RSU settlement practice. The reporting person’s direct holdings are shown as 222,088 shares after withholding, with an additional 329,793 shares indirectly held in a 401(k) plan. The transaction price reported ($1.72) appears alongside acquisition entries but represents the listed price in the report rather than a cash purchase distinct from vesting and withholding mechanics. Overall, this is a compensation settlement disclosure rather than a change in corporate control or material corporate event.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard executive equity compensation administration; withholding to cover taxes is explicitly documented.

The Form 4 clearly identifies the RSU grant source (the 2021 Incentive Plan) and the vesting date (08/25/2025). The report shows the issuer withheld 78,909 shares for tax withholding upon vesting, a common settlement mechanism. Ownership is reported across direct and indirect holdings including a 401(k) plan. The form is executed by an attorney-in-fact and includes the required signature date (08/26/2025). From a governance and compliance perspective, the filing provides the required Section 16 disclosure of insider beneficial ownership changes tied to compensation.

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^*

Riker Christopher S

(Last) (First) (Middle)

1200 E. MARKET STREET, SUITE 650

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		174,000	A	$1.72	300,997	D
Common Stock	08/25/2025		F		78,909(1)	D	$1.72	222,088	D
Common Stock								329.793	I	401k Plan

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	(2)	08/25/2025		M			174,000	(3)	(3)	Common Stock	174,000	$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. 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.

3. RSUs vest August 25, 2025.

	/s/ John J. Dziewsiz, attorney-in-fact for Christopher S. Riker	08/26/2025
	** 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.
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FAQ

What RSU transaction did Christopher S. Riker report on Form 4 for BWSN?

The filing reports vesting of 174,000 restricted stock units that converted into common shares on 08/25/2025.

How many shares were withheld for taxes in the BWSN Form 4?

The issuer withheld 78,909 shares to satisfy the reporting person's tax withholding obligations upon RSU vesting.

What are Christopher Riker’s reported holdings after the transactions?

The Form 4 shows 222,088 shares held directly after withholding and 329,793 shares held indirectly in a 401(k) plan.

Which plan governed the RSU grant reported in the Form 4?

The RSUs were granted under the Babcock & Wilcox Enterprises, Inc. Amended and Restated Long-Term 2021 Incentive Plan.

When was the Form 4 signed and filed for the BWSN transaction?

The Form 4 bears a signature by attorney-in-fact John J. Dziewsiz dated 08/26/2025.