Todd A. Adams - 01 Jul 2021 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
01 Jul 2021
Net transactions value
+$16,500
Form type
4
Filing time
01 Jul 2021, 17:39:37 UTC
Previous filing
27 May 2021
Next filing
26 Aug 2021
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 $16,500 +168 +1.6% $98.12 10,948 01 Jul 2021 BMI Common Stock 168 Direct F1, F2
holding BMI Stock Options 2,627 01 Jul 2021 BMI Common Stock 2,627 $38.55 Direct
* 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 2021 Third Quarter retainer of $16,500. The phantom stock units were computed at $98.12, the 6/30/2021 closing price of the Company's stock, as required by the plan.