0001127602-22-019947.txt : 20220729 0001127602-22-019947.hdr.sgml : 20220729 20220729165343 ACCESSION NUMBER: 0001127602-22-019947 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220728 FILED AS OF DATE: 20220729 DATE AS OF CHANGE: 20220729 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Young Kenneth M CENTRAL INDEX KEY: 0001365572 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36876 FILM NUMBER: 221121602 MAIL ADDRESS: STREET 1: C/O B. RILEY FINANCIAL, INC. STREET 2: 21255 BURBANK BLVD., SUITE 400 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Babcock & Wilcox Enterprises, Inc. CENTRAL INDEX KEY: 0001630805 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 472783641 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1200 E. MARKET STREET, SUITE 650 CITY: AKRON STATE: OH ZIP: 44305 BUSINESS PHONE: 3308606205 MAIL ADDRESS: STREET 1: 1200 E. MARKET STREET, SUITE 650 CITY: AKRON STATE: OH ZIP: 44305 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2022-07-28 0001630805 Babcock & Wilcox Enterprises, Inc. BW 0001365572 Young Kenneth M 1200 EAST MARKET STREET AKRON OH 44305 1 1 Chief Executive Officer Restricted Stock Units 2022-07-28 4 A 0 150000 0 A Common Stock 150000 150000 D Performance Units 2022-07-28 4 A 0 150000 0 A 2027-07-27 Common Stock 150000 150000 D 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. RSUs vest in three annual installments beginning July 28, 2023. Each performance stock unit (PSU) is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2021 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock. 100% of PSUs vest immediately upon the company's common stock achieving a market price of $12.00 per share at the end of any trading day during the period from July 28, 2022 to July 27, 2027. /s/ John J. Dziewisz, attorney-in-fact for Kenneth M. Young 2022-07-29