Xia Liu - 05 Jul 2023 Form 4 Insider Report for BADGER METER INC (BMI)

Role
Director
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Xia Liu
Issuer symbol
BMI
Transactions as of
05 Jul 2023
Net transactions value
+$14,999
Form type
4
Filing time
05 Jul 2023, 17:31:14 UTC
Previous filing
05 Jun 2023
Next filing
03 Oct 2023
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 $14,999 +102 +8.4% $147.56 1,305 05 Jul 2023 BMI Common Stock 102 Direct F1, F2
* 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 Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her 2023 Quarter 3 retainer paid to non-employee directors in the amount of $15,000. The phantom stock units were computed at $147.56, the 6/30/2023 closing price of the Company's stock, as required by the plan.