Company: BWNB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001104659-25-036850
Chunk: 61

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 61
---
 bonus program, received Company benefits for employees of similar rank, and was entitled to reimbursement for certain commuting and lodging expenses. In connection with the transition of the CFO position, the Company entered into a consulting agreement with Mr. Salamone, dated November 27, 2024 (the “Salamone Consulting Agreement”). Pursuant to the Salamone Consulting Agreement, Mr. Salamone will provide consulting services to the Company (including transition support of the CFO role) following his last day of employment (December 31, 2024) for a one-year term commencing January 1, 2025, subject to earlier termination by either party with thirty days’ advance written notice. As consideration for his consulting services and entering into the agreement, the Salamone Consulting Agreement provides that the Company will pay Mr. Salamone (1) a $29,166 monthly fee during the term of Mr. Salamone’s consulting services, (2) a $525,000 signing bonus, payable within 15 days of January 1, 2025, and (3) an additional bonus of $525,000 payable in monthly instalments over the 12-month term of Mr. Salamone’s consulting services. In addition, Mr. Salamone vested on December 31, 2024 in 130,000 restricted stock units previously granted to him by the Company. All other unvested Company equity awards held by Mr. Salamone on that date terminated without payment. For a discussion of the severance provisions of Mr. Young and Mr. Salamone’s employment agreements, the executive severance plan applicable to Messrs. Morgan, Dziewisz and Riker and the change in control provisions applicable to Mr. Morgan, see “Potential Payments Upon Termination or Change in Control” below. 42

TABLE OF CONTENTS Outstanding Equity Awards at 2024 Fiscal Year-End The following “Outstanding Equity Awards at 2024 Fiscal Year-End” table summarizes the equity awards with respect to shares of our common stock that were held by our NEOs and outstanding as of December 31, 2024.

| ​ | ​             | ​ | ​ | ​ | ​         | ​ | ​          | ​ | ​ | ​ | ​ | OPTION AWARDS                                                   |   |         |   |   |   |   |                                                                 |   |   |   |   |   |   |                        |   |       |   |   |   |   |