Fred J. Begale - Feb 6, 2024 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 6, 2024
Transactions value $
-$195,993
Form type
4
Date filed
3/7/2024, 06:30 PM
Previous filing
Feb 5, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Award +818 +31.88% 3.38K Feb 6, 2024 Direct F1, F2, F3
transaction BMI Common Stock Sale -$196K -1.2K -35.55% $162.92 2.18K Mar 6, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 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 6, 2024. The shares were inadvertently not reported at the time of achievement approval.
F2 Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 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
F4 The price in Column 4 is a weighted average price. Prices actually received ranged from $162.25 to $164.00. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4.