Company: BWNB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001104659-25-036850
Chunk: 43

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 43
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 — Our executive officers and directors are subject to stock ownership guidelines, which help to promote longer-term perspectives and align the interests of our executive officers and directors with those of our stockholders. The Compensation Committee reviewed the risks and rewards associated with our compensation programs. The programs were designed with features that mitigate risk without diminishing the incentive nature of the compensation. We believe our compensation programs encourage and reward prudent business judgment and appropriate risk- taking over the short term and the long term. Management and the Compensation Committee do not believe any of our compensation policies and practices create risks that are reasonably likely to have a material adverse effect on us. Key 2024 Compensation Decisions BASE SALARIES The Compensation Committee believes that the payment of a competitive base salary is a necessary element of any compensation program. Base salary levels also affect short-term cash incentive compensation because each NEO’s target opportunity is expressed as a percentage of base salary. In setting base salaries, the Compensation Committee considers comparability to compensation practices and compensation data from companies with whom we compete for executive talent from the engineering and construction, aerospace and defense, heavy electrical equipment and industrial machinery industries, our financial resources, our contractual obligations to our NEO’s and certain third party service providers, as well as the level of experience and expertise of individuals. No particular weight is assigned to any individual item. The following table shows the 2024 annual base salary approved by the Compensation Committee for each of the NEOs.

| ​ | NAME                 | ​ | ​ | ANNUAL BASE SALARYAS OF DECEMBER 31, 2024 |   |         |   | ​ | ​ | ANNUAL BASE SALARYAS OF DECEMBER 31, 2023 |   |         |   | ​ | ​ | PERCENTAGEINCREASE |   |    |   | ​ |
|:--|:---------------------|:--|:--|:------------------------------------------|:--|--------:|:--|:--|:--|:------------------------------------------|:--|--------:|:--|:--|:--|:-------------------|:--|:---|:--|:--|
| ​ | Kenneth Young        | ​ | ​ | ​                                         | $ | 800,000 | ​ | ​ | ​ | ​                                         | $ | 750,000 | ​ | ​ | ​ | ​                  | ​ | 6% | ​ | ​ |
| ​ | Louis Salamone Jr.   | ​ | ​ | ​                                         | $ |