William R. A. Bergum, Vice President, General Counsel, and Secretary, has demonstrated a clear selling bias in his transactions involving Badger Meter, Inc. (BMI) over the past two years, with $1.51 million in total sales compared to $331,850 in purchases. His recent activity reinforces this trend, with seven sell transactions since February 2026, including a $146,082 disposition on March 3 and a $70,135 sale the same day. Earlier transactions show larger sell-offs, such as a $508,157 sale on February 28, 2025, and a $240,572 transaction on March 5, 2025. While Bergum has occasionally acquired shares through awards—notably $39,874 in February 2026 and $24,837 in January 2025—these purchases are outweighed by consistent divestments. The pattern suggests a gradual reduction in his BMI holdings, with no recent buys offsetting the steady sales. The transactions, often clustered around March and February, may align with planned dispositions rather than opportunistic trading, given their recurring timing. Bergum’s activity remains confined to BMI, with no trades in other securities disclosed in the filings.
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