Form 4: Badger Meter Insider Acquires Shares via 401(k) Transfer

William R. Bergum, VP-Gen. Counsel and Secretary of Badger Meter Inc., acquired 1,413.76 shares through an intra-fund transfer into the company's 401(k) plan.

Summary

• William R. Bergum, VP-Gen. Counsel and Secretary of Badger Meter Inc. (BMI), reported a transaction on April 21, 2026.
• The transaction involved an intra-fund transfer of 1,413.76 shares into the Badger Meter Stock Fund within the company's 401(k) plan.
• The acquisition price was effectively $123.7834 per share, resulting in a total value of $174,574.98 for the transferred shares.
• Following this transaction, Mr. Bergum beneficially owns 13,365.24 shares indirectly through the Employee Stock Ownership Plan (ESSOP).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents an internal reallocation of assets within an employee benefit plan rather than a new purchase or sale of stock on the open market.

Positives

• Insider participation in the company's 401(k) plan, specifically the Badger Meter Stock Fund, indicates confidence in the company's stock.
• The transaction represents an intra-fund transfer, suggesting no new capital was necessarily injected, but rather a reallocation within existing holdings.

Future Outlook

This filing is a routine disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving 401(k) plans, are common disclosures. Such transfers within a company's own stock fund often reflect long-term investment strategies by management rather than immediate market sentiment shifts.

Stakeholder Impact

• Shareholders: The transaction does not represent a new investment or divestment of company stock by an insider, thus having minimal direct impact on share price or ownership structure.
• Employees: The transaction highlights the availability and use of the company's 401(k) plan, specifically its stock fund, as a benefit for employees.
• Management: The reporting person, as an officer of the company, is adhering to regulatory disclosure requirements.

Key Dates

Keywords

Badger Meter Inc., BMI, Form 4, Insider Transaction, 401(k) Plan, Stock Fund, Beneficial Ownership, William R. Bergum, Securities Exchange Act