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

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises granted 115,000 restricted stock units to Chief Financial Officer Cameron M. Frymyer on 08/07/2025 under the Amended and Restated Long-Term 2021 Incentive Plan. Each RSU represents a contingent right to receive one share of the companys common stock. The grant is exercisable as RSUs that vest in three annual installments beginning August 7, 2026. The Form 4 reports 115,000 derivative securities beneficially owned following the transaction in a direct ownership form and was signed by an attorney-in-fact on 08/11/2025.

Insights

Securities Analyst

TL;DR: Routine executive equity award reported; 115,000 RSUs granted to the CFO vesting over three years.

The filing documents a non-cash equity award: 115,000 restricted stock units granted to Cameron M. Frymyer on 08/07/2025 under the companys 2021 incentive plan. Each RSU is a contingent right to one share and vests in three annual installments beginning 08/07/2026. The RSUs are recorded as directly beneficially owned following the grant. This Form 4 is a standard disclosure of insider compensation and ownership; it provides clear, specific data on the award size, vesting schedule, and direct ownership post-grant.

Corporate Governance Expert

TL;DR: Disclosure shows executive long-term compensation structure with a defined vesting schedule; standard governance reporting.

The disclosure identifies the reporting person as the Chief Financial Officer and records the grant under the Amended and Restated Long-Term 2021 Incentive Plan. The explanation section explicitly states that each RSU converts to one share and that vesting occurs in three annual installments starting 08/07/2026. The filing includes an attorney-in-fact signature dated 08/11/2025. The document is a routine, specific Form 4 reporting of an equity award without additional qualifiers or contingencies beyond those stated.

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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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^*

Frymyer Cameron M

(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 Financial 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		115,000		(2)	(2)	Common Stock	115,000	$0	115,000	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 Cameron M. Frymyer	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.

FAQ

What did the Form 4 filed for BWSN disclose about Cameron M. Frymyer?

The Form 4 reports a grant of 115,000 restricted stock units (RSUs) to Cameron M. Frymyer on 08/07/2025 under the Amended and Restated Long-Term 2021 Incentive Plan.

When do the 115,000 RSUs vest?

The RSUs vest in three annual installments beginning on August 7, 2026, as stated in the Form 4 explanation of responses.

How many shares are reported as beneficially owned after the transaction?

The filing reports 115,000 derivative securities beneficially owned following the reported transaction in a direct (D) ownership form.

Under which plan were the RSUs granted?

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

Who signed the Form 4 and when was it signed?

The Form 4 was signed by John J. Dziewisz, Attorney-in-Fact for Cameron M. Frymyer on 08/11/2025.