Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-22

Babcock & Wilcox Enterprises (BW)

CEO Kenneth Young was paid $1,919,827 in fiscal year 2025, ↓ down 33.4% from fiscal year 2024 (SEC filing 0001104659-26-042128 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,919,827 ↓
Kenneth Young total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
89.94%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Kenneth Young (Chief Executive Officer), FY2025 total compensation $1,919,827 (base salary $800,000) [exec_comp, SEC accession 0001104659-26-042128, filed 2026-04-13]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

BW's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kenneth Young$800,000$908,327$196,500———$15,000$1,919,827
Chief Executive Officer
Christopher Riker333,333150,000306,240———487,0421,276,615
Former Executive Vice President & Chief Operating Officer
Cameron Frymyer500,000316,667150,650———8,333975,650
Executive Vice President & Chief Financial Officer
Jimmy Morgan550,000233,333131,000———9,167923,500
Executive Vice President & Chief Commercial Officer
John Dziewisz500,000216,667150,650———14,750882,067
Executive Vice President, General Counsel and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Kenneth Young$1,919,827$2,882,638$1,083,333↓ −962,811
Christopher Riker1,276,615563,607445,000↑ +713,008
Cameron Frymyer975,650———
Jimmy Morgan923,500734,501958,618↑ +188,999
John Dziewisz882,067639,837564,063↑ +242,230

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against BW
2 companies name BW as a compensation peer

Each company listed discloses BW in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Alan B. HoweIndependent Director$210,000
Henry E. BartoliFormer director (through FY2025)$1,053,596
Joseph A. TatoIndependent Director$200,000
Naomi L. BonessIndependent Director$180,000
Philip D. MoellerIndependent Director$180,000
Rebecca L. StahlIndependent Director$200,000
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jimmy MorganRSU2025-08-07——100,000—$122,000
John DziewiszRSU2025-08-07——115,000—140,300
Jimmy MorganRSU2025-08-07——100,000—122,000
John DziewiszRSU2025-08-07——115,000—140,300
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jimmy Morgan$244,000$0$00.0%
John Dziewisz280,600000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jimmy MorganRSU53,334—$338,138
Jimmy MorganRSU100,000—634,000
Cameron FrymyerRSU16,667—105,669
Kenneth YoungRSU150,000—951,000
Kenneth YoungPSU150,000—951,000
Jimmy MorganPSU125,000—792,500
Cameron FrymyerRSU115,000—729,100
John DziewiszRSU115,000—729,100
Kenneth YoungRSU83,334—528,338
Cameron FrymyerPSU75,000—475,500
John DziewiszPSU75,000—475,500
Cameron FrymyerRSU66,667—422,669
John DziewiszRSU53,334—338,138
05

Incentive-plan design — the Compensation Discussion & Analysis

The company emphasizes a pay-for-performance philosophy, rewarding executives who achieve or exceed goals by using annual cash incentives and equity or other long-term incentives to drive strong results for stockholders. The program is designed to align executive interests with stockholders, set rigorous but motivating goals, and attract and retain well-qualified executives.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2077,165,8388,632,8531,053,47789.94%Passed
20252025-06-0444,810,61314,146,161190,89675.76%Passed
20242024-05-1553,823,3071,898,873124,68396.38%Passed
20232023-05-1856,994,8764,679,47740,95992.35%Passed
20202020-06-1617,505,9485,318,11691,68976.39%Passed
20192019-06-1495,753,1472,121,30831,294,33374.13%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2089.94%a
20252025-06-0475.76%b
20242024-05-1596.38%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Accordingly, abstentions will have the effect of a vote against this proposal.”.

c. Approved under the standard stated in the filing — “Accordingly, abstentions will have the effect of a vote against this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Henry E. BartoliIndependent · Departed during FY$112,000$791,596——$150,000$1,053,596
Alan B. HoweIndependent · Audit Finance · Compensation · Governance (Chair)142,00068,000——0210,000
Joseph A. TatoIndependent · Audit Finance · Compensation (Chair) · Governance132,00068,000——0200,000
Rebecca L. StahlIndependent · Audit Finance (Chair)132,00068,000——0200,000
Naomi L. BonessIndependent · Audit Finance · Compensation112,00068,000——0180,000
Philip D. MoellerIndependent · Governance112,00068,000——0180,000
Kenneth M. YoungEmployee director—————0
Homaira AkbariNot independent——————
09

Board fee structure and ownership guideline

Annual cash retainer$112,000
Annual equity retainer$68,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000 / 10,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$742,000
Equity awards (grant-date value)$1,131,596
All other compensation$150,000
Total cost of the board$2,023,596

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Babcock & Wilcox Enterprises2025Kenneth Young$800,000$196,500——$1,919,827

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Babcock & Wilcox Enterprises in fiscal 2025?
As disclosed, Kenneth Young (Chief Executive Officer) was the highest-paid executive at Babcock & Wilcox Enterprises in fiscal 2025, with total compensation of $1,919,827.
How did shareholders vote on Babcock & Wilcox Enterprises's executive compensation?
As disclosed, 89.94% of shareholders supported Babcock & Wilcox Enterprises's executive compensation in the latest say-on-pay vote.
How much does Babcock & Wilcox Enterprises spend in total on board compensation for fiscal 2025?
As disclosed, Babcock & Wilcox Enterprises reported total board compensation of $2,023,596 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Kenneth YoungDEF 14A2026-04-130001104659-26-042128Section “2025 Summary Compensation Table”. As printed: 1,919,827. Filing ↗machine: r1 · c54 · span 995326–995335
2Section 01, Christopher RikerDEF 14A2026-04-130001104659-26-042128Section “2025 Summary Compensation Table”. As printed: 1,276,615. Filing ↗machine: r12 · c54 · span 1064148–1064157
3Section 01, Cameron FrymyerDEF 14A2026-04-130001104659-26-042128Section “2025 Summary Compensation Table”. As printed: 975,650. Filing ↗machine: r4 · c54 · span 1013967–1013974
4Section 01, Jimmy MorganDEF 14A2026-04-130001104659-26-042128Section “2025 Summary Compensation Table”. As printed: 923,500. Filing ↗machine: r9 · c54 · span 1045500–1045507
5Section 01, John DziewiszDEF 14A2026-04-130001104659-26-042128Section “2025 Summary Compensation Table”. As printed: 882,067. Filing ↗machine: r6 · c54 · span 1026900–1026907
6Section 03, Jimmy Morgan RSUDEF 14A2026-04-130001104659-26-042128Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1193162–1193169
7Section 03, John Dziewisz RSUDEF 14A2026-04-130001104659-26-042128Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1167902–1167909
8Section 03, Jimmy Morgan RSUDEF 14A2026-04-130001104659-26-042128Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1193162–1193169
9Section 03, John Dziewisz RSUDEF 14A2026-04-130001104659-26-042128Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1167902–1167909
10Section 08, Henry E. BartoliDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 1,053,596. Filing ↗machine: span 529745–529754
11Section 08, Alan B. HoweDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 536656–536663
12Section 08, Joseph A. TatoDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 200,000. Filing ↗machine: span 547026–547033
13Section 08, Rebecca L. StahlDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 200,000. Filing ↗machine: span 543571–543578
14Section 08, Naomi L. BonessDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 533203–533210
15Section 08, Philip D. MoellerDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 540114–540121
16Section 08, Kenneth M. YoungDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Homaira AkbariDEF 14A2026-04-130001104659-26-042128Section “Director Compensation”. As printed: —. Filing ↗
18Section 06, 2026 voteForm 8-K2026-05-220001104659-26-065724Item 5.07 · say-on-pay result. As reported: 89.94% (votes for as printed: 77,165,838). Filing ↗
19Section 06, 2025 voteForm 8-K2025-06-100001104659-25-058135Item 5.07 · say-on-pay result. As reported: 75.76% (votes for as printed: 44,810,613). Filing ↗
20Section 06, 2024 voteForm 8-K2024-05-210001104659-24-063847Item 5.07 · say-on-pay result. As reported: 96.38% (votes for as printed: 53,823,307). Filing ↗
21Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)Computed——Cash 742,000 + equity 1,131,596 + all other 150,000 = 2,023,596, summed across the director compensation table rows.machine: formula: Σ = 2,023,596
24Babcock & Wilcox Enterprises (subject), Section 10b CEO totalDEF 14A2026-04-130001104659-26-042128CEO total compensation as printed in Babcock & Wilcox Enterprises's own proxy. As printed: 1,919,827. Filing ↗machine: r1 · c54 · span 995326–995335