Babcock & Wilcox CEO Kenneth Young Exercises Options, Receives RSUs

What Happened

• Kenneth M. Young, CEO of Babcock & Wilcox Enterprises (BW), exercised stock derivatives and received a grant of restricted stock units (RSUs).
• He exercised 41,667 shares on 2026-08-05 at $10.14 (value $422,503) and 50,000 shares on 2026-08-07 at $9.38 (value $469,000), for a cash exercise total of about $891,503. To cover tax withholding, 20,875 shares (Aug 5) and 25,050 shares (Aug 7) were withheld/disposed (total 45,925 shares withheld; withholding value ~$446,642).
• The filing also shows a grant of 125,000 RSUs on 2026-08-06 (contingent rights to receive common stock under the company plan, $0 reported price).

Key Details

• Transaction dates and prices:
  • 2026-08-05: Exercised 41,667 @ $10.14 (acquired); 20,875 shares withheld @ $10.14 (tax withholding).
  • 2026-08-06: Granted 125,000 RSUs @ $0.00 (contingent award).
  • 2026-08-07: Exercised 50,000 @ $9.38 (acquired); 25,050 shares withheld @ $9.38 (tax withholding).
• Shares withheld to pay tax withholding obligations are reported under code F (per footnote F1).
• RSU treatment and vesting:
  • The RSUs are a contingent right to receive one share each (footnote F3).
  • Vesting schedules referenced: some RSUs vest in three installments beginning Aug 5, 2025 (F4), others beginning Aug 7, 2026 (F6) and Aug 6, 2027 (F5).
• Record ownership note: some holdings are held of record by the Kenneth M. Young Revocable Trust (footnote F2).
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Filing timeliness: Report filed 2026-08-07 for transactions on 2026-08-05–08-07; the filing indicates it was late (timeliness flag 'L'), which is a reporting compliance issue but does not change the transaction details.

Context

• This was an exercise of derivative awards and an RSU grant rather than an open-market buy or sell: the acquired shares came from exercising rights, and some of the resulting shares were withheld to cover tax obligations (a common cashless/withholding settlement on exercise/vesting).
• No open-market sale of shares was reported — withheld shares were used for taxes rather than sold on the market.
• For retail investors: exercises and RSU grants are routine forms of compensation; exercises funded by withholding do not necessarily indicate a change in the insider’s market view.