Form 4: Director Xia Liu Reports Acquisition of Phantom Stock Units in Badger Meter Inc.

Director Xia Liu acquired 75.43 phantom stock units in Badger Meter Inc. as part of her director compensation plan.

Summary

• Xia Liu, a director of Badger Meter Inc., reported the acquisition of 75.43 phantom stock units on January 2, 2025.
• These units were accrued in Ms. Liu's Director Deferred Compensation Plan account as payment for her 2025 Quarter 1 retainer.
• The retainer was valued at $16,000.
• The phantom stock units were computed at $212.12, the closing price of Badger Meter's common stock on December 31, 2024.
• Ms. Liu directly owns 2,377.682 derivative securities after the reported transaction.
• Each phantom stock unit is equivalent to one share of common stock and is payable in cash upon termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding director compensation, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to director compensation in the form of phantom stock units, a common practice among publicly traded companies to align director interests with shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates