Fred J. Begale - 18 Jan 2023 Form 4 Insider Report for BADGER METER INC (BMI)

Role: VP-Engineering
Signature: /s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale
Issuer symbol: BMI
Transactions as of: 18 Jan 2023
Net transactions value: +$23,029
Form type: 4
Filing time: 18 Jan 2023, 16:43:38 UTC
Previous filing: 07 Mar 2022
Next filing: 06 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMI	Common Stock	Award	$23,029	+211	+3.1%	$109.03	7,046	18 Jan 2023	ESSOP	F1, F2
holding	BMI	Common Stock						2,623	18 Jan 2023	Direct

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						2,064	18 Jan 2023	BMI Common Stock	2,064	$33.98	Direct
holding	BMI	Stock Options						1,981	18 Jan 2023	BMI Common Stock	1,981	$36.45	Direct
holding	BMI	Stock Options						1,621	18 Jan 2023	BMI Common Stock	1,621	$48.20	Direct
holding	BMI	Stock Options						1,648	18 Jan 2023	BMI Common Stock	1,648	$59.85	Direct
holding	BMI	Stock Options						1,715	18 Jan 2023	BMI Common Stock	1,715	$63.04	Direct

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

Explanation of Responses:

Id	Content
F1	Represents share equivalents of Badger Meter stock accumulated during 2022 and early 2023 in the participant's unitized 401k component of the ESSOP, including contributions and match.
F2	Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents.