Dziewisz John J 4

What Happened
John J. Dziewisz, General Counsel & Secretary of Babcock & Wilcox Enterprises (BW), reported the conversion/settlement of performance stock units (PSUs) on 2026-03-05. The filing shows 75,000 shares were acquired at an indicated value of $13.29/share (total ~$996,750). To satisfy tax withholding on the PSU vesting, 33,513 shares were withheld by the issuer (valued at ~$445,388). The report also includes a related derivative entry for 75,000 PSUs shown as cancelled/converted (reported at $0).

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (filed within the required two business days).
• Acquired: 75,000 shares at $13.29 each = $996,750.
• Withheld for taxes (Disposition under code F): 33,513 shares at $13.29 each = $445,388.
• Derivative conversion: 75,000 PSUs shown as converted/cancelled (reported at $0).
• Net shares delivered to the insider (based on the reported lines): 75,000 acquired − 33,513 withheld = 41,487 shares.
• Footnotes: PSUs granted under the company’s 2021 LTIP; PSUs vest upon the company stock reaching $12.00 at the end of any trading day during the performance window. The withheld shares were to pay tax withholding obligations on PSU vesting.

Context

• This was not an open-market buy or sell; it was a settlement/vesting of performance-based equity (PSUs). The withholding of shares to cover taxes is a common administrative step and not an additional sale.
• The derivative entries reflect conversion/cancellation of PSUs into common stock rather than an option-style cash exercise.
• The filing appears timely; no late-filing flag was indicated in the provided data.
• Shares owned after the transaction were not disclosed in the excerpt provided.