Form 4: Badger Meter SVP-CFO Robert Wrocklage Reports Stock Grant and Tax Withholding

Robert Wrocklage, SVP-CFO of Badger Meter, reports the acquisition of 1,614 shares of restricted stock and the disposal of 203 shares for tax withholding purposes.

Summary

• On March 1, 2024, Robert Wrocklage, SVP-CFO of Badger Meter, acquired 1,614 shares of common stock as a restricted stock grant under the company's 2021 Omnibus Incentive Plan.
• The restricted stock vests ratably over three years from the grant date.
• On March 4, 2024, Mr. Wrocklage disposed of 203 shares of common stock at a weighted average price of $159.55 to cover tax obligations.
• Following these transactions, Mr. Wrocklage beneficially owns 14,446 shares of Badger Meter common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. The stock grant is a positive sign, but the tax withholding is a standard procedure.

Positives

• The grant of restricted stock to the SVP-CFO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates standard compensation practices.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of the shareholders.
• The transactions have a minimal impact on the overall market.

Key Dates