BADGER METER INC — Director's Dealing 2024

Mar 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2024-02-06

Reporting Person: Bockhorst Kenneth (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-06	Common Stock	A	13014	—	Acquired	47786	Direct
2024-03-06	Common Stock	F	7295	$162.92	Disposed	40491	Direct

Footnotes

F1: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval.

F2: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date.

F3: PSUs convert into common stock on a one-for-one basis

F4: The price in Column 4 is a weighted average price. The prices actually received ranged from $162.25to $164.00. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, informat ...