SCHEDULE: Vanguard Group Amends Badger Meter Stake to 0%

The Vanguard Group has filed an amended Schedule 13G, reporting zero beneficial ownership in Badger Meter Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 14 to Schedule 13G regarding its holdings in Badger Meter Inc. Common Stock (CUSIP: 056525108).
• As of the event date March 13, 2026, The Vanguard Group reports 0.00 shares beneficially owned, representing 0% of the class.
• This change follows an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries and business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.
• The filing certifies that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing the control of Badger Meter Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting an internal organizational change at The Vanguard Group, with no direct positive or negative implications for Badger Meter Inc.'s operational or financial performance.

Future Outlook

No forward-looking statements or guidance for Badger Meter Inc. are provided in this administrative filing.

Management Comments

• The Vanguard Group certifies that the securities were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that such disaggregated reporting by large institutional investors like The Vanguard Group is a common practice following internal reorganizations, often aimed at streamlining compliance and reflecting the actual investment decision-making units. This administrative change does not reflect a change in investment thesis for Badger Meter Inc. by Vanguard's underlying funds.

Stakeholder Impact

• Shareholders of Badger Meter Inc. will observe a change in the reported beneficial ownership by The Vanguard Group as the parent entity, though underlying ownership by Vanguard's funds may persist under separate reporting entities.
• No direct impact on employees, customers, suppliers, or creditors of Badger Meter Inc. is indicated by this administrative filing.

Next Steps

• The Vanguard Group's subsidiaries and/or business divisions will now report beneficial ownership separately in reliance on SEC Release No. 34-39538.

Key Dates

Keywords

Badger Meter Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Realignment