Frymyer Cameron M 4

4 · Babcock & Wilcox Enterprises, Inc. · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Babcock & Wilcox (BW) CFO Cameron Frymyer Converts 75,000 PSUs

What Happened

Cameron M. Frymyer, CFO of Babcock & Wilcox Enterprises (BW), converted 75,000 performance stock units (PSUs) into common shares on 2026-03-05. The gross value of the 75,000 shares was reported at $13.29 per share (≈ $996,750).
To satisfy tax withholding, 33,450 of the issued shares were retained by the issuer (value ≈ $444,551). Net shares received by Frymyer were 41,550 (75,000 − 33,450), with a net value of roughly $552,200.
This was a conversion/vesting transaction (derivative exercise), not an open-market buy or sale.

Key Details

Transaction date: 2026-03-05; filing date: 2026-03-09 (filed timely).
Reported entries: 75,000 shares acquired at $13.29 (value ≈ $996,750); 33,450 shares withheld for tax at $13.29 (disposed for tax ≈ $444,551); a matching derivative cancellation recorded at $0 (conversion of PSUs).
Shares owned after transaction: not disclosed in the filing.
Footnotes: F1 notes issuer withheld shares to cover tax withholding; F2 describes PSUs as contingent rights to one share each under the company’s LTIP; F3 states 100% vesting occurs if the stock hits $12.00 at the end of any trading day within the performance window (July 28, 2022 to July 27, 2027).

Context

This was a vesting/conversion of PSUs (a non-cash derivative conversion). The withholding of shares to cover taxes is routine and common for equity awards; it is not an open-market sale indicating a change in sentiment.
Per the footnotes, the PSUs vest based on a $12 price trigger—conversion here indicates that trigger was met.

Form 4

Period: 2026-03-05

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
2026-03-05$13.29/sh+75,000$996,750→ 231,658 total
Tax Payment
Common Stock
[F1]
2026-03-05$13.29/sh−33,450$444,551→ 198,208 total
Exercise/Conversion
Performance Stock Units
[F2][F3]
2026-03-05−75,000→ 0 total
Exp: 2027-07-28→ Common Stock (75,000 underlying)

Footnotes (3)

[F1]Represents shares of common stock withheld by the Issuer pursuant to the terms of the award to pay tax withholding obligations of the Reporting Person upon the vesting of the PSUs.
[F2]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.
[F3]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.

Signature

/s/ John J. Dziewisz, Attorney-in-Fact for Cameron M. Frymyer|2026-03-09

1 file