Company: BWNB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001104659-25-036850
Chunk: 38

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 38
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 in 2024. For the seventh year in a row, no payment was earned under the financial component of the annual cash incentive program. MANAGEMENT OVERVIEW Compensation decisions for our NEOs are made by the Compensation Committee. Key features of our executive compensation program for the NEOs are outlined in this “Compensation Discussion and Analysis”. 28

TABLE OF CONTENTS

The following five executive officers are our NEOs for 2024, each of whom was still serving as an executive officer as of December 31, 2024.

| ​ | NAME                 | ​ | ​ | TITLE (AS OF LAST DAY OF 2023)                                  | ​ |
| ​ | Kenneth M. Young     | ​ | ​ | Chief Executive Officer                                         | ​ |
| ​ | Louis Salamone Jr.*  | ​ | ​ | Former Executive Vice President & Chief Financial Officer       | ​ |
| ​ | Jimmy B. Morgan      | ​ | ​ | Executive Vice President & Chief Commercial Officer             | ​ |
| ​ | Christopher S. Riker | ​ | ​ | Executive Vice President and Chief Operating Officer            | ​ |
| ​ | John J. Dziewisz     | ​ | ​ | Executive Vice President, General Counsel & Corporate Secretary | ​ |

* Mr. Salamone stepped down as the Company’s Executive Vice President and CFO effective December 31, 2024. Cameron Frymyer was appointed as the Company’s Executive Vice President and CFO effective January 1, 2025. Mr. Morgan served as the Company’s Chief Operating Officer for all of 2024 and became our Executive Vice President and Chief Commercial Officer on January 1, 2025. Mr. Riker served as the Company’s Sr. Vice President, Thermal Energy for all of 2024 and became our Executive Vice President and Chief Operating Officer on January 1, 2025. THIRD-PARTY COMPENSATION ARRANGEMENTS Mr. Young served as our Chief Executive Officer for all of 2024. However, as described under “Certain Relationships and Related Transactions” above, for a portion of 2024 we were party to contractual arrangements with third parties with respect to Mr. Young’s services. Until September 20, 2024, Mr. Young received his salary and benefits from B. Riley Financial, Inc. and its affiliates and we paid BRPI LLC $62,500 per month for Mr. Young’s services as Chief Executive Officer pursuant to the BRPI Consulting Agreement. In 2022,