Form 4: Badger Meter VP Begale Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Badger Meter's VP of Utility NPD, Fred J. Begale, reported the disposal of 490 shares of common stock in two transactions under a Rule 10b5-1 plan.
Summary
- Fred J. Begale, VP-Utility NPD at Badger Meter Inc. (BMI), reported two transactions involving the disposal of company common stock.
- On February 27, 2026, Begale disposed of 41 shares of Common Stock at a price of $152.43 per share.
- Following the first transaction, Begale beneficially owned 3,489 shares directly.
- On March 3, 2026, Begale disposed of an additional 449 shares of Common Stock at a price of $148.76 per share.
- After the second transaction, Begale's direct beneficial ownership of Common Stock decreased to 3,040 shares.
- Both transactions were conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged schedule for the sale of equity securities.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The disposal of shares by an executive under a pre-arranged 10b5-1 plan is a routine occurrence and typically does not signal a change in the company's fundamental outlook or the executive's confidence.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those executed under a Rule 10b5-1 plan, are common occurrences in the public markets. These plans allow insiders to sell a predetermined number of shares at a predetermined time or price, helping to avoid accusations of trading on material non-public information. For companies in the utility and water technology sector like Badger Meter, such routine disclosures are part of standard corporate governance and executive compensation practices.
Stakeholder Impact
- Shareholders: The disposal of shares by an executive slightly reduces insider ownership, but given the routine nature of 10b5-1 plan sales, it is unlikely to have a significant impact on shareholder sentiment or company valuation.
Key Dates
| Date | Description |
|---|---|
| 02/27/2026 | Fred J. Begale disposed of 41 shares of Common Stock at $152.43 per share. |
| 03/03/2026 | Fred J. Begale disposed of 449 shares of Common Stock at $148.76 per share. |
| 03/03/2026 | Date of earliest transaction reported on the filing and filing date of the Form 4. |
Keywords
Badger Meter, BMI, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan
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