Young Kenneth M 4

What Happened

• Kenneth M. Young, CEO of Babcock & Wilcox Enterprises (BW), converted/exercised 250,000 restricted stock units (RSUs) into common shares on 2026-03-16, resulting in acquisition of 250,000 shares at $10.51 each (aggregate value $2,627,500). To satisfy tax withholding obligations, 119,625 of those shares were withheld by the issuer (disposition valued at $1,257,259). Separately, on 2026-03-18 he purchased 7,000 shares in the open market at about $15.14 each (total ~$106,015).
• The RSUs were granted and vested immediately on 2026-03-16 (each RSU converts to one share). The open-market purchase is a direct buy (a purchase can be interpreted as a more bullish signal than routine withholding).

Key Details

• Transaction dates and prices:
  • 2026-03-16: RSU grant/vest and conversion/exercise — 250,000 shares @ $10.51 (acquired; $2,627,500 aggregate).
  • 2026-03-16: Tax withholding — 119,625 shares withheld @ $10.51 (disposed; $1,257,259 aggregate).
  • 2026-03-18: Open-market purchase — 7,000 shares @ weighted avg $15.14 (acquired; $106,015). Per the filing, those market purchases were executed at prices ranging $15.10–$15.15.
• Shares owned after transaction: Not specified in the information provided in this summary (refer to the Form 4 for post-transaction holdings).
• Notable footnotes:
  • F1: Shares were withheld by the issuer to cover the reporting person’s tax withholding on RSU vesting.
  • F4/F5: Each RSU represents the right to one common share under the company’s long-term incentive plan; these RSUs vested immediately on the grant date.
  • F2: The market purchase price is a weighted average; multiple trades between $15.10–$15.15.
• Filing timeliness: Report filed 2026-03-18 for transactions dated 2026-03-16 — appears timely (Form 4 is typically due within two business days).

Context

• For retail investors: the main activity here is an executive converting vested RSUs into shares (routine compensation settlement) with a substantial portion withheld to meet tax obligations, plus a small open-market purchase (7,000 shares) that represents an additional personal buy. Exercises/conversions of RSUs followed immediate vesting (not an option exercise requiring cash payment) and the withholding is a common tax-related disposition.