Form 4: Badger Meter Executive Weltzien Reports Stock Transactions

Daniel R. Weltzien, VP-Controller of Badger Meter, reports the acquisition and disposal of common stock related to Performance Stock Units (PSUs).

Summary

• Daniel R. Weltzien, VP-Controller of Badger Meter, filed a Form 4 detailing changes in beneficial ownership.
• On February 6, 2024, Weltzien acquired 818 shares of common stock related to Performance Stock Units (PSUs) granted on March 5, 2021, for the 2021-2023 performance period.
• These PSUs were earned based on the achievement of certain performance criteria and approved by the Compensation and Human Resources Committee of the Board.
• The shares were inadvertently not reported at the time of achievement approval.
• On March 6, 2024, Weltzien disposed of 384 shares of common stock at a weighted average price of $162.92.
• Prices actually received ranged from $162.25 to $164.00.
• Following these transactions, Weltzien beneficially owns 3,967 shares of Badger Meter common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports stock transactions. The late reporting of the acquisition is a minor negative.

Negatives

• The acquisition of 818 shares on February 6, 2024, was 'inadvertently not reported at the time of achievement approval'.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The disclosure provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates