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