ADAMS TODD A. bought BMI

January 1, 2026 · Form 4 insider transaction

ADAMS TODD A. bought 109 shares of Badger Meter, Inc. at $174.41 per share, a transaction worth $19.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.

Direction
Acquired (buy-side)
Shares
109
Price
$174.41
Total value
$19.0K
RoleDirector
SecurityPhantom Stock Units
Transaction codeA: Grant or award
Transaction dateJanuary 1, 2026
Filing dateJanuary 2, 2026
Shares owned after15,996
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

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.; The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2026 Quarter 1 retainer paid to non-employee directors in the amount of $19,000. The phantom stock units were computed at $174.41, the 12/31/25 closing price of the Company's common stock as required by the plan.

View the original Form 4 on SEC EDGAR