Richard Htwe - 12 Feb 2026 Form 4 Insider Report for BADGER METER INC (BMI)

Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Richard Htwe
Issuer symbol
BMI
Transactions as of
12 Feb 2026
Net transactions value
$0
Form type
4
Filing time
17 Feb 2026, 18:00:04 UTC
Previous filing
09 Feb 2026
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Htwe Richard VP-Global Operations 4545 W. BROWN DEER ROAD, MILWAUKEE /s/ William R.A. Bergum, Attorney-in-Fact for Richard Htwe 17 Feb 2026 0001959361

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Award +1,193 +24% 6,078 12 Feb 2026 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 3, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2023-2025 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 12, 2026. The earned value of these shares is now subject to vesting, which will occur on March 3, 2026.
F2 Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 3, 2023 for the 2023-2025 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.