Frymyer Cameron M 4

What Happened
Cameron M. Frymyer, CFO of Babcock & Wilcox Enterprises, had 225,000 restricted stock units (RSUs) vest and convert into common shares on 2026-03-16 (recorded as an exercise/conversion). The conversion is shown at a per-share value of $10.51, totaling $2,364,750. To satisfy tax withholding obligations, 100,350 of those shares were withheld (disposed) at the same per-share value (about $1,054,679). Separately, on 2026-03-18 Frymyer purchased 1,285 shares in the open market at $14.76 each for $18,967. Net effect: Frymyer acquired a net 125,935 shares (225,000 − 100,350 + 1,285).

Key Details

• Transaction dates/prices/value:
  • 2026-03-16: 225,000 RSUs converted to shares (reported at $10.51/share; $2,364,750).
  • 2026-03-16: 100,350 shares withheld to cover taxes (treated as disposition; ~$1,054,679).
  • 2026-03-18: Open-market purchase of 1,285 shares at $14.76 ($18,967).
• Net change: +125,935 shares from these transactions.
• Shares owned after transaction: not specified in the provided filing (filing shows the transactions but not total post-transaction holdings).
• Footnotes: F1 indicates shares withheld to cover tax withholding; F2 explains each RSU is a contingent right to one share under the company’s 2021 Incentive Plan; F3 states RSUs vested immediately on grant.
• Filing timeliness: Report filed 2026-03-18 for transactions on 2026-03-16 — within the typical two-business-day Form 4 reporting window.

Context
This was primarily an award vesting event (RSUs converting to shares) with standard tax-withholding (a non-cash disposition of shares to cover taxes). The small open-market purchase (~$19k) is a direct insider buy but is modest in size. These RSU-related entries are routine compensation-related transactions and do not, by themselves, indicate management intent beyond receiving vested compensation.