Fred J. Begale - Feb 13, 2025 Form 4 Insider Report for BADGER METER INC (BMI)

Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale
Stock symbol
BMI
Transactions as of
Feb 13, 2025
Transactions value $
$0
Form type
4
Date filed
2/14/2025, 04:00 PM
Previous filing
Jan 23, 2025
Next filing
Mar 5, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Award +936 +42.92% 3.12K Feb 13, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2022-2024 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 13, 2025. The earned value of these shares is now subject to vesting, which will occur on March 4, 2025.
F2 Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 4, 2022 for the 2022-2024 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date.
F3 PSUs convert into common stock on a one-for-one basis.