0000899243-20-024497.txt : 20200908 0000899243-20-024497.hdr.sgml : 20200908 20200908161211 ACCESSION NUMBER: 0000899243-20-024497 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200825 FILED AS OF DATE: 20200908 DATE AS OF CHANGE: 20200908 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: 201164314 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 doc4.xml FORM 4 SUBMISSION X0306 4 2020-08-25 0 0001630805 Babcock & Wilcox Enterprises, Inc. BW 0001365572 Young Kenneth M 1200 EAST MARKET STREET AKRON OH 44305 1 1 0 0 Chief Executive Officer Common Stock 2020-09-04 4 P 0 30000 2.4388 A 50000 I See Note Common Stock 29240 D Restricted Stock Units 2020-08-25 4 A 0 200000 0.00 A Common Stock 200000 200000 D Performance Stock Units 2020-08-25 4 A 0 250000 0.00 A 2025-08-24 Common Stock 250000 250000 D 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. Held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15. 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. RSUs vest in three annual installments beginning on August 25, 2021. 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. 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. /s/ John J. Dziewisz, attorney-in-fact 2020-09-08