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

Director James F. Stern acquired 494 shares of Badger Meter Inc. common stock on April 28, 2025, as part of the company's 2021 Omnibus Incentive Plan.

Summary

• On April 28, 2025, James F. Stern, a director of Badger Meter Inc., acquired 494 shares of common stock.
• The acquisition was made under the company's 2021 Omnibus Incentive Plan.
• The price per share was $215.78.
• Following the transaction, Stern's total holdings amount to 7,599 shares.
• The shares were granted as part of an annual grant to non-employee directors, valued at $100,000 based on a 10-day average closing price.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction under an existing incentive plan, suggesting a neutral to slightly positive sentiment as it indicates continued director investment in the company.

Positives

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

Industry Context

Director stock acquisitions are common and often viewed positively as they align management's interests with those of shareholders. Incentive plans like the 2021 Omnibus Incentive Plan are standard practice for publicly traded companies to attract and retain talent.

Comparison to Industry Standards

• Director compensation packages, including stock grants, are common across publicly traded companies.
• The value of the grant ($100,000) is within a typical range for non-employee director compensation at companies of similar size and industry to Badger Meter.
• Companies like Roper Technologies and Xylem, which operate in related industries, also utilize stock-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.

Key Dates

Keywords

Badger Meter, Director, James F. Stern, Stock Acquisition, Omnibus Incentive Plan, Form 4, Shareholder Approval, Equity