James F. Stern - May 2, 2022 Form 4 Insider Report for BADGER METER INC (BMI)

Role: Director
Signature: /s/ William R.A. Bergum, Attorney-in-Fact for James F. Stern
Stock symbol: BMI
Transactions as of: May 2, 2022
Transactions value $: $61,697
Form type: 4
Date filed: 5/4/2022, 05:17 PM
Previous filing: Feb 15, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMI	Common Stock	Award	$61.7K	+767	+14.43%	$80.44	6.08K	May 2, 2022	Direct	F1

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						2.63K	May 2, 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	Shares granted pursuant to the 2021 Omnibus Incentive Plan as approved by shareholders on April 30, 2021. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $64,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.

Content

Shares granted pursuant to the 2021 Omnibus Incentive Plan as approved by shareholders on April 30, 2021. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $64,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.