Company: BWNB
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001104659-25-034242
Chunk: 72

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 72
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 total 2024 compensation of all of our employees (excluding our CEO) to be 37 to 1. We identified the employee with the median of the total annual compensation of all of our employees (excluding our CEO) based on our employee population as of December 31, 2024 and taking into account each employee’s total cash compensation of 2024, which consisted of salary or wages, bonus and vested incentive compensation awards but excluded the value of health and welfare benefits. Once that median employee was identified, the median employee’s total annual compensation for 2024 presented in the pay ratio above (and our CEO’s total annual compensation for 2024 presented in the pay ratio above) was determined using the same rules that apply to reporting the compensation of our NEOs in the “Total” column of the “2024 Summary Compensation Table.” We note that, due to our permitted use of reasonable estimates and assumptions in preparing this pay ratio disclosure, the disclosure may involve a degree of imprecision, and thus this ratio disclosure is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K using the data and assumptions described above. The SEC rules for identifying the median compensated employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions. As such, the pay ratio reported by other companies may not be comparable to the pay ratio reported above, as other companies may have different employment and compensation practices and may utilize different methodologies, exclusions, estimates and assumptions in calculating their own pay ratios. PAY VERSUS PERFORMANCE The following table summarizes the relationship between our financial performance and the total compensation paid to our CEO and our other NEOs for the fiscal years shown in the table. (In this discussion, our CEO is also referred to as our principal executive officer or “PEO”, and our NEOs other than our CEO are referred to as our “Non-PEO NEOs”.)

| ​ 
 ​ 
 ​ |  Fiscal Year 
 B&WTSR($)(4) 
          (a) | ​ 
 ​ | ​ 
 ​ | SummaryCompensationTable Total ForCEO($) 
 (b)                                      | ​ |         ​ | Peer GroupTSR($)(4) | ​ 
 ​ | ​ 
 ​ | CompensationActually Paidto CEO($) 
 (c)                                | ​ |           |   | ​ 
 ​ | ​ 
 ​ | AverageSummaryCompensationTable Total forNon