Form 4: Badger Meter Director Tessa M. Myers Reports Acquisition of Common Stock

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

Summary

• Tessa M. Myers, a director of Badger Meter Inc., reported a transaction on April 29, 2024, where she acquired 452 shares of common stock.
• The acquisition was part of the 2021 Omnibus Incentive Plan, approved by shareholders on April 30, 2021.
• The shares were granted as an annual grant to non-employee directors, valued at $80,000 based on a 10-day average closing price of the company's common stock.
• The price per share was $185.76.
• Following the transaction, Myers directly owns 4,467 shares of Badger Meter Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.
• The grant is part of a pre-existing incentive plan, suggesting a consistent approach to director compensation.

Future Outlook

The document does not contain specific forward-looking statements, but it references an ongoing incentive plan.

Industry Context

Director stock acquisitions are common in publicly traded companies as part of compensation and incentive programs. This filing indicates standard practice for Badger Meter.

Comparison to Industry Standards

• Director compensation packages often include stock grants to align interests with shareholders, similar to practices at companies like Roper Technologies and Danaher Corporation.
• The $80,000 grant value is within the typical range for director equity compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder confidence.
• The incentive plan can motivate directors to act in the best interests of the company and its stakeholders.

Key Dates