Karen Bauer - Mar 4, 2022 Form 4 Insider Report for BADGER METER INC (BMI)

Role: VP-IR, Strategy & Treasurer
Signature: /s/ Karen Bauer
Stock symbol: BMI
Transactions as of: Mar 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/7/2022, 06:37 PM
Next filing: Mar 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMI	Common Stock	Award		+631	+17.66%		4.21K	Mar 4, 2022	Direct	F1
holding	BMI	Common Stock						152	Mar 4, 2022	ESSOP

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
holding	BMI	Stock Options						1.65K	Mar 4, 2022	BMI Common Stock	1.65K	$59.85	Direct
holding	BMI	Stock Options						1.89K	Mar 4, 2022	BMI Common Stock	1.89K	$63.04	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock granted March 4, 2022 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant.