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

Director James W. McGill 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 W. McGill, a director of Badger Meter Inc., acquired 494 shares of common stock.
• The acquisition was made under the company's 2021 Omnibus Incentive Plan, which was approved by shareholders on April 30, 2021.
• The shares were granted as part of an annual grant to non-employee directors.
• The grant is valued at $100,000, rounded down to the nearest whole share, based on a 10-day average closing price of the company's common stock, with a price of $215.78 per share.
• Following the transaction, McGill directly owns 3,941 shares of Badger Meter Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to positive.

Positives

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

Industry Context

This type of equity grant to non-employee directors is a common practice among publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants to non-employee directors are a standard practice in corporate governance.
• The value of $100,000 for the annual grant is within the typical range for companies of Badger Meter's size and market capitalization.
• Companies like Roper Technologies and Fortive Corporation also utilize similar equity-based compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The grant does not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Badger Meter, Director, Share Acquisition, Incentive Plan, Common Stock, Form 4, McGill