Form 4: Badger Meter CEO Kenneth Bockhorst Reports Stock Transactions
SEC Form 4 Filing
Kenneth Bockhorst, Chairman, President & CEO of Badger Meter, reports acquisition and disposal of common stock and vesting of Performance Stock Units (PSUs).
Summary
- Kenneth Bockhorst, the Chairman, President, and CEO of Badger Meter Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 6, 2024, Bockhorst acquired 13,014 shares of common stock related to Performance Stock Units (PSUs) that vested based on performance criteria achieved during the 2021-2023 period.
- These shares were inadvertently not reported at the time of achievement approval.
- On March 6, 2024, Bockhorst disposed of 7,295 shares of common stock at a weighted average price of $162.92 per share.
- Following these transactions, Bockhorst directly owns 40,491 shares of Badger Meter Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by the CEO of Badger Meter, which is relevant to investors monitoring insider trading activity.
Stakeholder Impact
- Shareholders may be interested in the insider transactions reported in this filing as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/05/2021 | Reporting Person was granted Performance Stock Units ('PSUs') |
| 02/06/2024 | Reporting Person acquired 13,014 shares of common stock related to Performance Stock Units (PSUs) that vested based on performance criteria achieved during the 2021-2023 period. |
| 03/06/2024 | Reporting Person disposed of 7,295 shares of common stock at a weighted average price of $162.92 per share. |
| 03/07/2024 | Date of Form 4 filing. |
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