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

Director Xia Liu acquired 84.1 phantom stock units in Badger Meter Inc. as part of her director compensation plan.

Summary

• On April 1, 2025, Xia Liu, a director of Badger Meter Inc., acquired 84.1 phantom stock units.
• These units were accrued in her Director Deferred Compensation Plan account as payment for her Q1 2025 retainer.
• The phantom stock units are the economic equivalent of common stock shares and will be payable in cash upon termination of service as a director.
• The price per phantom stock unit was calculated at $190.25, based on the closing price of Badger Meter's common stock on March 31, 2025.
• Following the transaction, Ms. Liu directly owns 2,461.782 derivative securities.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing a routine compensation transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of phantom stock units, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, as the value of the phantom stock units is tied to the company's stock performance.

Key Dates

Keywords

Badger Meter Inc, Xia Liu, phantom stock units, director compensation, Form 4, derivative securities, director deferred compensation plan