Form 4: Badger Meter VP Bergum Acquires Shares Following PSU Vesting

William Bergum, VP-Gen. Counsel and Secretary of Badger Meter, acquired 936 shares of common stock on February 13, 2025, following the vesting of Performance Stock Units (PSUs).

Summary

• William R.A. Bergum, VP-Gen. Counsel and Secretary of Badger Meter, acquired 936 shares of common stock on February 13, 2025.
• The acquisition resulted from the vesting of Performance Stock Units (PSUs) granted on March 4, 2022, for the 2022-2024 performance period.
• The number of PSUs earned was based on the achievement of certain performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 13, 2025.
• The earned value of these shares is subject to vesting, which will occur on March 4, 2025.
• Following the reported transaction, Bergum beneficially owns 14,199 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The vesting of PSUs suggests that performance targets were met, which is mildly positive, but the filing itself is simply a disclosure requirement.

Positives

• The vesting of PSUs indicates that performance criteria for the 2022-2024 period were met, suggesting positive company performance.

Future Outlook

The earned value of these shares is now subject to vesting, which will occur on March 4, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive received shares as part of a pre-existing compensation plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates that performance targets were met.

Key Dates