Form 4: Badger Meter Director James F. Stern Acquires Shares Under Incentive Plan

Director James F. Stern acquired 452 shares of Badger Meter Inc. common stock at $185.76 per share as part of the company's 2021 Omnibus Incentive Plan.

Summary

• On April 29, 2024, James F. Stern, 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, Stern directly owns 7,105 shares of Badger Meter Inc.
• The shares were granted as part of the annual grant to non-employee directors, valued at $80,000 based on a 10-day average closing price.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard director compensation practice and continued investment in the company.

Positives

• The acquisition reflects the director's continued investment in the company.
• The grant is part of a pre-existing incentive plan approved by shareholders.

Industry Context

This type of transaction is common for directors of publicly traded companies, as they often receive stock grants as part of their compensation packages to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock grants to incentivize performance and align interests with shareholders, similar to practices at companies like Danaher Corporation and Fortive Corporation, which also operate in the industrial sector.
• The value of the grant ($80,000) is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The transaction signals confidence from a director, which can positively influence shareholder sentiment.

Key Dates