Filing Details

Accession Number:
0000899243-20-024497
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-09-08 16:12:11
Reporting Period:
2020-08-25
Accepted Time:
2020-09-08 16:12:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1630805 Babcock & Wilcox Enterprises Inc. BW () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1365572 M Kenneth Young 1200 East Market Street
Akron OH 44305
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-09-04 30,000 $2.44 50,000 No 4 P Indirect See Note
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Note
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Acquisiton 2020-08-25 200,000 $0.00 200,000 $0.00
Common Stock Performance Stock Units Acquisiton 2020-08-25 250,000 $0.00 250,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
200,000 No 4 A Direct
250,000 2025-08-24 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 29,240 Direct
Footnotes
  1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.39 to $2.47, 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.
  3. Each restricted stock unit ("RSU") is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.
  4. RSUs vest in three annual installments beginning on August 25, 2021.
  5. Each performance stock unit ("PSU") is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.
  6. 100% of PSUs vest immediately upon the company's common stock achieving a market price of $7.00 per share at the end of any trading day during the period from August 25, 2020 to August 24, 2025.