Dziewisz John J 4

What Happened
John J. Dziewisz, General Counsel & Secretary of Babcock & Wilcox Enterprises, had two related equity events on 2026-03-16. He exercised/converted a derivative to acquire 25,000 shares at $10.51 per share (total cash paid $262,750). He was also granted 25,000 restricted stock units (RSUs) that vested immediately and were converted to shares; 11,150 of those shares were withheld by the company to satisfy tax withholding obligations (value of withheld shares reported as $117,187).

Key Details

• Transaction date: 2026-03-16 (reported on Form 4 filed 2026-03-18). Filing appears timely.
• Exercise: 25,000 shares acquired at $10.51 each = $262,750.
• RSU grant and settlement: 25,000 RSUs granted and immediately vested/converted to shares.
• Tax withholding: 11,150 shares withheld to cover tax liability (reported value $117,187).
• Shares owned after the transactions: Not specified in the filing.
• Footnotes: F1–withholding used to pay taxes; F2–each RSU converts to one share; F3–RSUs vest immediately on grant date.

Context

• The filing shows both an option/derivative exercise (paying $10.51 per share) and the immediate vesting/settlement of RSUs. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a sale for investment reasons.
• Derivative/exercise explanation: exercising/ converting a derivative means the insider paid the exercise price to receive common shares. The RSU entries reflect an award that converted into shares on the grant date.