Form 4: Badger Meter VP Kimberly K. Stoll Reports Stock Transactions
SEC Form 4 Filing
Kimberly K. Stoll, VP of Sales & Marketing at Badger Meter, reports the acquisition and disposal of company stock, including shares from vested Performance Stock Units (PSUs).
Summary
- Kimberly K. Stoll, VP of Sales & Marketing at Badger Meter, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 6, 2024, Stoll acquired 1,043 shares related to Performance Stock Units (PSUs) that were earned based on performance criteria for the 2021-2023 period and approved by the Compensation and Human Resources Committee.
- These shares were inadvertently not reported at the time of achievement approval.
- Also on February 6, 2024, 5,441 shares of common stock were issued upon the vesting of PSUs granted on March 5, 2021, for the 2021-2023 performance period.
- On March 6, 2024, Stoll disposed of 483 shares at a weighted average price of $162.92.
- Following these transactions, Stoll beneficially owns 4,958 shares of Badger Meter stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. The inadvertent delay in reporting is a minor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to vested performance-based compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-03-05 | Date of grant for Performance Stock Units (PSUs) that vested. |
| 2024-02-06 | Date of PSU achievement approval and stock issuance. |
| 2024-03-06 | Date of stock disposal. |
| 2024-03-07 | Date of Form 4 filing. |
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