Hoehn Daniel W 4
4 · Babcock & Wilcox Enterprises, Inc. · Filed Aug 16, 2018
Insider Transaction Report
Form 4
Hoehn Daniel W
Vice President and CAO
Transactions
- Exercise/Conversion
Performance Units
2018-08-14−23,276→ 0 totalExp: 2018-08-14→ Common Stock (23,276 underlying) - Disposition to Issuer
Common Stock
2018-08-14$2.18/sh−23,276$50,742→ 14,401 total - Exercise/Conversion
Common Stock
2018-08-14+23,276→ 37,677 total
Footnotes (3)
- [F1]Each cash-settled performance unit ("CPU") is the economic equivalent of one share of BW common stock.
- [F2]Each CPU represents the right to receive an amount in cash equal to the "measurement value" of our stock at the time of vesting. Generally, the measurement value is detemined based on the average fair market value of our stock for the 30-day period immediately preceding the vesting date. However, the measurement value will be no less than 75% of the market value of our stock determined as of the grant date of August 14, 2017, and no greater than 150% of the value of our stock determined as of the grant date.
- [F3]CPUs vest in two installments as follows: 40% on 02/14/2018; 60% on 08/14/2018.