Form 4: Babcock & Wilcox Enterprises COO Jimmy B. Morgan Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer of Babcock & Wilcox Enterprises, Jimmy B. Morgan, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 11, 2024, Jimmy B. Morgan, the Chief Operating Officer of Babcock & Wilcox Enterprises, reported transactions involving the company's common stock.
- 33,334 restricted stock units (RSUs) vested, converting into common stock at a price of $1.18.
- 15,250 shares were withheld by the issuer to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Morgan directly owns 539,996 shares of Babcock & Wilcox Enterprises common stock.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
- The tax withholding benefits the government.
Key Dates
| Date | Description |
|---|---|
| 08/11/2022 | Initial vesting date of RSUs in three equal annual installments. |
| 08/11/2024 | Date of transaction: vesting of RSUs and tax withholding. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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