Form 4: Badger Meter Executive Karen M. Bauer Reports Stock Award Vesting
SEC Form 4 Filing
Karen M. Bauer, VP-IR, Strategy & Treasurer of Badger Meter Inc., reports the vesting of performance stock units (PSUs) and subsequent conversion to common stock.
Summary
- Karen M. Bauer, VP-IR, Strategy & Treasurer of Badger Meter Inc., filed a Form 4 on February 14, 2025.
- The report details the vesting of 936 Performance Stock Units (PSUs) granted on March 4, 2022, based on performance criteria achieved during the 2022-2024 period.
- These PSUs were approved by the Compensation and Human Resources Committee of the Board on February 13, 2025, and are subject to vesting on March 4, 2025.
- The vesting of the PSUs resulted in the issuance of 936 shares of common stock.
- Following the reported transaction, Bauer's beneficially owned common stock amounts to 6,558 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include performance-based equity awards like PSUs to align management's interests with those of shareholders.
- Vesting schedules and performance criteria vary across companies and industries, but the general structure is common practice.
- Companies like Roper Technologies, Fortive, and Danaher also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The vesting of PSUs aligns executive compensation with company performance, potentially benefiting shareholders.
- The transaction has a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2022-03-04 | Date the Reporting Person was granted Performance Stock Units ('PSUs') |
| 2025-02-13 | Date the Compensation and Human Resources Committee of the Board approved the earned PSUs |
| 2025-02-14 | Date of Form 4 Filing |
| 2025-03-04 | Date the earned value of these shares is subject to vesting |
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