Company: BWNB
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001104659-25-034242
Chunk: 40

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 40
---
 | Fixed cash compensation; reviewed annually and subject to adjustment                                                                                                   | ​ | ​ | Attract, retain and motivate the NEO                                                                                                                                                                                                                                                | ​ |
| ​ | Annual Cash IncentiveCompensation           | ​ | ​ | Short-term cash incentive compensation paid based on performance against annually established financial performance goals                                              | ​ | ​ | Reward and motivate the NEO for achieving key short-term performance                                                                                                                                                                                                                
 objectives                                                                                                                                                                                                                                                                          | ​ |
| ​ | Long-Term Incentive Compensation            | ​ | ​ | Annual equity compensation awards of restricted stock units and performance-based restricted stock units; or long-term incentive-based cash compensation opportunity   | ​ | ​ | Align NEO interests with those of our stockholders by rewarding the creation of long-term stockholder value and encouraging stock ownership and/or rewarding the achievement of goals that we believe will drive long-term stockholder value                                        | ​ |
| ​ | Health, Welfare and Retirement Benefits     | ​ | ​ | Qualified retirement plans and health care and insurance                                                                                                               | ​ | ​ | Attract and retain the NEO by providing market-competitive benefits                                                                                                                                                                                                                 | ​ |
| ​ | Severance and Change in ControlArrangements | ​ | ​ | Reasonable severance payments and benefits provided upon an involuntary termination, including an involuntary termination following a change in control of the Company | ​ | ​ | Help attract and retain high quality talent by providing market-competitive severance protection, and help encourage the NEO to direct his or her attention to stockholders’ interests, notwithstanding the potential for loss of employment in connection with a change in control | ​ |

30

TABLE OF CONTENTS

We Are Committed to Compensation Best Practices The Compensation Committee believes that our executive compensation program follows best practices aligned to stockholder interests, summarized below:

| ​ | WHAT WE DO                                                                                                                                                                                                                                                                                          | ​ | ​ | ​ | WHAT WE DON’T DO                                                                         | ​ |
| ​ | Pay-for-performance philosophy emphasizes compensation tied to creation of stockholder value, with a significant portion of NEOs’ overall compensation tied to our performance                                                                                                                      | ​ | ​ | ​ | No excise tax gross-upsupon a change in control                                          | ​ |
| ​ | Robust compensation governance practices, including annual CEO performance evaluation process by independent directors, thorough process for setting rigorous performance goals, compensation committee comprised solely of independent directors and use of an independent compensation consultant | ​ | ​ | ​ | No discounting, reloading or re-pricing of stock optionswithout stockholder approval     | ​ |
| ​ | Limited