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BADGER METER INC — Director's Dealing 2023
Oct 3, 2023
30998_dirs_2023-10-03_c41fe97d-0188-4031-a8dd-e10605623b81.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2023-10-02
Reporting Person: Liu Xia (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-10-02 | Phantom Stock Units | $ | A | 104.26 | Acquired | BMI Common Stock (104.26) | Direct | |
| 2023-10-02 | Phantom Stock Units | $ | J | 5.52 | Acquired | BMI Common Stock (5.52) | Direct |
Footnotes
F1: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.
F2: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her Q4 2023 quarterly retainer of $15,000. The phantom stock units were computed at $143.87, the 9/29/2023 closing price of the Company's stock, as required by the plan.
F3: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11.