Form 4: Badger Meter SVP-CFO Robert Wrocklage Reports Stock Transactions
SEC Form 4 Filing
Robert Wrocklage, SVP-CFO of Badger Meter, reports the acquisition and disposal of common stock related to performance stock units (PSUs).
Summary
- Robert Wrocklage, the SVP-CFO of Badger Meter, filed a Form 4 detailing changes in beneficial ownership.
- On February 6, 2024, Wrocklage acquired 2,527 shares of common stock related to Performance Stock Units (PSUs) that were earned as a result of the achievement of certain performance criteria for the 2021-2023 performance period.
- These PSUs were granted on March 5, 2021, and the shares were inadvertently not reported at the time of achievement approval.
- On March 6, 2024, Wrocklage disposed of 1,268 shares of common stock at a weighted average price of $162.92.
- Following these transactions, Wrocklage beneficially owns 15,705 shares of Badger Meter common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2021-03-05 | Reporting Person was granted Performance Stock Units ('PSUs') |
| 2024-02-06 | Shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board |
| 2024-03-06 | Reporting Person disposed of shares of common stock |
| 2024-03-07 | Date of Form 4 filing |
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