Todd A. Adams - Jan 3, 2022 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
Jan 3, 2022
Transactions value $
$16,500
Form type
4
Date filed
1/3/2022, 03:34 PM
Previous filing
Jan 7, 2022
Next filing
Apr 1, 2022

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 $16.5K +155 +1.39% $106.56 11.3K Jan 3, 2022 BMI Common Stock 155 Direct F1, F2
holding BMI Stock Options 2.63K Jan 3, 2022 BMI Common Stock 2.63K $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 2022 Quarter 1 retainer paid to non-employee directors in the amount of $16,500. The phantom stock units were computed at $106.56, the 12/31/2021 closing price of the Company's stock, as required by the plan.