Todd A. Adams - Apr 28, 2025 Form 4 Insider Report for BADGER METER INC (BMI)

Role
Director
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Todd A. Adams
Stock symbol
BMI
Transactions as of
Apr 28, 2025
Transactions value $
$116,595
Form type
4
Date filed
4/29/2025, 05:00 PM
Previous filing
Apr 2, 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMI Phantom Stock Units Award $10K +52.6 +0.35% $190.25 15.1K Apr 28, 2025 BMI Common Stock 52.6 Direct F1, F2
transaction BMI Phantom Stock Units Award $107K +494 +3.26% $215.78 15.6K Apr 28, 2025 BMI Common Stock 494 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.
F2 The phantom stock units were accrued in Mr. Adams Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his annual Compensation Committee Chair Fee in the amount of $10,000. The phantom stock units were computed at $190.25, the 3/31/2025 closing price of the Company's stock, as required by the plan.
F3 Shares granted pursuant to the 2021 Omnibus Incentive Plan as approved by shareholders on April 30, 2021. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $100,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.