Form 4: Badger Meter Director James W. McGill Acquires Shares Under Incentive Plan

Director James W. McGill acquired 452 shares of Badger Meter Inc. common stock on April 29, 2024, under the company's 2021 Omnibus Incentive Plan.

Summary

• On April 29, 2024, James W. McGill, 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, McGill directly owns 3,447 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 slightly positive. It reflects a routine transaction under an existing incentive plan, indicating alignment between the director and shareholders.

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

Director share acquisitions are common and often tied to compensation plans. This transaction is typical for non-employee directors receiving equity as part of their compensation.

Comparison to Industry Standards

• Director compensation packages often include stock grants to align their interests with shareholders.
• The $80,000 grant value is within the typical range for director equity compensation at similar-sized companies.
• Companies like Roper Technologies and Fortive also use equity grants as part of their director compensation.

Stakeholder Impact

• The transaction signals continued director confidence in the company, which can positively influence shareholder sentiment.

Key Dates