Young Kenneth M 4

What Happened

• Kenneth M. Young, CEO of Babcock & Wilcox Enterprises (BW), had 150,000 performance stock units (PSUs) convert into common shares on March 5, 2026. The converted shares are valued at $13.29 each (150,000 × $13.29 = $1,993,500).
• The issuer withheld 75,150 shares to satisfy tax withholding obligations (value reported as $998,743), leaving a net issuance to Young of 74,850 shares (net value ≈ $994,757).
• The filing shows the derivative PSUs were converted (derivative disposed at $0), and the transaction was reported on Form 4 filed March 9, 2026.

Key Details

• Transaction date: 2026-03-05; reported filing date: 2026-03-09 (appears timely).
• Prices/values: $13.29 per share; gross value $1,993,500; shares withheld for taxes $998,743.
• Net shares received: 74,850 (150,000 issued less 75,150 withheld).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F1 confirms 75,150 shares were withheld by the issuer to cover tax withholding upon PSU vesting. F2 notes shares are held of record by the Kenneth M. Young Revocable Trust. F3/F4 explain these were PSUs granted under the company’s LTIP that vest 100% if the stock reached $12.00 at the end of any trading day in the performance window.

Context

• This was a PSU settlement (conversion of performance-based equity), not an open-market buy or sale. The withholding of shares to cover taxes is a routine “sell-to-cover” style step and does not necessarily indicate a change in the insider’s market view.
• The derivative entry disposed at $0 simply reflects the PSUs converting into common stock. The filing does not indicate a 10% owner or a 10b5-1 plan.