X0306 4 2019-08-13 0 0001630805 Babcock & Wilcox Enterprises, Inc. BW 0001681626 Morgan Jimmy B 20 S. VAN BUREN AVENUE BARBERTON OH 44203 0 1 0 0 SVP, Babcock & Wilcox Common Stock 2019-08-14 4 M 0 5073 0.00 A 10232 D Common Stock 2019-08-14 4 F 0 1590 3.49 D 8642 D Restricted Stock Units 2019-08-13 4 A 0 150000 0.00 A 2022-08-13 Common Stock 150000 150000 D Restricted Stock Units 2019-08-14 4 M 0 5073 0.00 D Common Stock 5073 5074 D On July 24, 2019, the issuer completed a one-for-ten reverse stock split of the issuer's common stock. This amount has been adjusted to give effect to this reverse stock split. Each restricted stock unit 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. Restricted stock units vest in three equal annual installments beginning on August 13, 2020. Reflects an increase of 2,803 restricted stock units (as adjusted for the effect of the reverse stock split described in footnote 1 above) as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan in connection with the issuer's rights offering that expired on April 30, 2018. Amounts of restricted stock units and common stock issuable pursuant thereto also reflect adjustment to give effect to the reverse stock split described in footnote 1 above. Restricted stock units vest in two equal annual installments beginning on August 14, 2019. /s/ Robert P. McKinney, attorney-in-fact 2019-08-15