Form 4: Badger Meter Executive William Bergum Reports Stock Transactions

William Bergum, VP-Gen. Counsel and Secretary of Badger Meter, reports the acquisition of 930 shares and the sale of 1,339 shares of common stock.

Summary

• William Bergum, a VP-Gen. Counsel and Secretary at Badger Meter Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 6, 2024, Bergum acquired 930 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, Bergum sold 1,339 shares of common stock at a weighted average price of $162.92, with prices ranging from $162.25 to $164.00.
• Following these transactions, Bergum directly owns 13,263 shares of Badger Meter Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of insider selling.
• The disclosure provides transparency to stakeholders regarding insider trading activities.

Key Dates