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

Rhea-AI Filing Summary

Kenneth M. Young, listed as Chief Executive Officer and a director of Babcock & Wilcox Enterprises, Inc., reported insider transactions on Form 4 dated 09/05/2025. The filing shows a purchase of 9,347 shares of the issuer's common stock at a weighted average price of $2.14 per share. The report also records a disposition of 1,442,787 shares. After the reported purchase, 271,092 shares are reported as beneficially owned indirectly and are held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15. The Form 4 was signed by an attorney-in-fact on 09/08/2025 and includes a note that purchase prices ranged from $2.13 to $2.16.

Positive

• Insider purchase recorded: Kenneth M. Young acquired 9,347 shares at a weighted average price of $2.14, showing some insider buying activity
• Clear disclosure of trust ownership: 271,092 shares are identified as held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15

Negative

• Large disposition reported: A disposal of 1,442,787 shares is recorded without accompanying explanation in the filing
• No stated Rule 10b5-1 or plan reliance: The form does not indicate the transaction was made pursuant to a trading plan or provide rationale for timing

Insights

Securities Analyst

TL;DR: Insider executed a small purchase and a large disposition; net effect on ownership is material to insider holdings but filings show no explanation.

The Form 4 documents a weighted-average purchase of 9,347 shares at $2.14 and a reported disposal of 1,442,787 shares on 09/05/2025. The filing also discloses 271,092 shares beneficially owned indirectly through a revocable trust. From a trading-disclosure perspective, the data are clear and complete regarding quantities and prices; the filing does not provide rationale for the disposal or timing, and no derivative transactions are reported. Investors and compliance teams should note the disparity between the small purchase and the large disposal when assessing insider activity.

Corporate Governance Expert

TL;DR: Reporting meets Section 16 disclosure requirements but offers no context for the large share disposition.

The Form 4 is properly executed and includes explanatory notes about the weighted-average purchase price and trust ownership. It identifies the reporting person as both CEO and director and indicates indirect ownership via the Kenneth M. Young Revocable Trust U/A 5/8/15. The filing does not allege any Section 16 exemptions or trading-plan assertions. For governance review, the filing is actionable for recordkeeping and review but contains no additional declarations such as Rule 10b5-1 plan reliance.

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)
09/05/2025

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	09/05/2025		P		9,347	A	$2.14(1)	271,092	I	See Note(2)
Common Stock								1,442,787	D

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

Explanation of Responses:

1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.13 to $2.16, inclusive. The reporting person undertakes to provide full information regarding the number of shares purchased at a particular price upon request from SEC staff, the issuer or a shareholder of issuer.

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

	/s/ John J. Dziewisz, attorney-in-fact for Kenneth M. Young	09/08/2025
	** 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 insider trades did Kenneth M. Young report for BWSN on 09/05/2025?

The Form 4 reports a purchase of 9,347 shares at a weighted average price of $2.14 and a reported disposal of 1,442,787 shares on 09/05/2025.

How many shares does Kenneth M. Young beneficially own according to the filing?

The filing states 271,092 shares are beneficially owned indirectly and held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15.

Did the Form 4 indicate the purchase prices were uniform?

No; the filing notes the purchase price is a weighted average and that shares were bought at prices ranging from $2.13 to $2.16.

Was the transaction reported as part of a trading plan under Rule 10b5-1?

The Form 4 does not indicate that the transactions were made pursuant to a Rule 10b5-1 trading plan.

Who signed the Form 4 for Kenneth M. Young?

The Form 4 was signed by John J. Dziewisz, attorney-in-fact for Kenneth M. Young on 09/08/2025.