TODD A. ADAMS - 02 Jan 2024 Form 4 Insider Report for BADGER METER INC (BMI)

Role
Director
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Todd A. Adams
Issuer symbol
BMI
Transactions as of
02 Jan 2024
Transactions value $
$16,000
Form type
4
Filing time
02 Jan 2024, 16:42:29 UTC
Previous filing
08 Dec 2023
Next filing
12 Feb 2024
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 $16K +104 +0.74% $154.37 14.1K 02 Jan 2024 BMI Common Stock 104 Direct F1, F2
* 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 2024 First Quarter retainer of $16,000. The phantom stock units were computed at $154.37, the 12/29/2023 closing price of the Company's common stock as required by the plan.