Form 4: Badger Meter Executive Karen M. Bauer Reports Stock Transactions

Karen M. Bauer, VP-IR, Strategy & Treasurer of Badger Meter Inc, reports acquisition and disposal of common stock related to performance stock units.

Summary

• Karen M. Bauer, a VP at Badger Meter Inc, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 6, 2024, Bauer acquired 893 shares related to performance stock units (PSUs) granted on March 5, 2021, for the 2021-2023 performance period.
• These PSUs vested based on the achievement of certain performance criteria approved by the Compensation and Human Resources Committee.
• On March 6, 2024, Bauer disposed of 414 shares at a weighted average price of $162.92, with prices ranging from $162.25 to $164.00.
• Following these transactions, Bauer beneficially owns 5,622 shares of Badger Meter Inc.
• The shares were inadvertently not reported at the time of achievement approval.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects standard executive stock transactions. The inadvertent delay in reporting is a minor negative.

Positives

• The vesting of PSUs indicates that performance targets were met during the 2021-2023 period.

Negatives

• The shares were inadvertently not reported at the time of achievement approval.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Companies like Roper Technologies and Fortive also have similar filings related to their executives' stock transactions.

Stakeholder Impact

• Provides shareholders with insight into executive compensation and stock ownership.

Key Dates