Form 4: Badger Meter Director Henry F. Brooks Acquires Shares Under Incentive Plan

Director Henry F. Brooks acquired 452 shares of Badger Meter Inc. common stock on April 29, 2024, as part of the company's 2021 Omnibus Incentive Plan.

Summary

• On April 29, 2024, Henry F. Brooks, a director of Badger Meter Inc., acquired 452 shares of common stock.
• The acquisition was made under the company's 2021 Omnibus Incentive Plan.
• The price per share was $185.76.
• Following the transaction, Brooks directly owns 1,791 shares of Badger Meter Inc.
• The shares were granted as part of an annual grant to non-employee directors, valued at $80,000 based on a 10-day average closing price.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, indicating confidence from a director. It's a neutral to slightly positive signal.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The 2021 Omnibus Incentive Plan aligns the interests of directors with those of shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects standard compensation practices for non-employee directors.

Comparison to Industry Standards

• Equity grants to non-employee directors are a common practice among publicly traded companies to align their interests with shareholders.
• The value of the grant ($80,000) is within the typical range for companies of similar size and industry as Badger Meter.
• Companies like Roper Technologies and Danaher Corporation also utilize similar equity-based compensation plans for their directors.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders, as it aligns the director's interests with the company's performance.

Key Dates