Badger Meter VP reports tax-withholding share disposals

Badger Meter Inc. vice president Fred J. Begale reported two tax-related share dispositions under an equity award.

Rhea-AI Filing Summary

Badger Meter Inc. vice president Fred J. Begale reported two tax-related share dispositions under an equity award. On March 3, 2026, 449 shares of common stock were withheld at $148.76 per share to cover tax obligations. On February 27, 2026, 41 shares were similarly withheld at $152.43 per share. After these non-market, tax-withholding dispositions, Begale directly owned 3,040 shares of Badger Meter common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 490 shares

Exercise Price or Tax Liability 2 txns

Insider Begale Fred J

Role VP-Utility NPD

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	449	$148.76	$67K
Exercise Price or Tax Liability	Common Stock	41	$152.43	$6K

Holdings After Transaction: Common Stock — 3,040 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BMI executive Fred J. Begale report on Form 4?

Fred J. Begale reported two tax-withholding dispositions of Badger Meter common stock. These transactions used shares to satisfy equity award tax obligations rather than open-market sales, affecting his reported direct ownership position.

How many Badger Meter (BMI) shares were disposed of for taxes by Fred J. Begale?

Fred J. Begale disposed of 490 shares of Badger Meter common stock in total. This included 449 shares on March 3, 2026 and 41 shares on February 27, 2026, all for tax-liability payment purposes.

At what prices were BMI shares used for Fred J. Begale’s tax-withholding transactions?

Shares were used for tax withholding at $148.76 per share on March 3, 2026, and $152.43 per share on February 27, 2026. These prices are reporting values for the tax-withholding dispositions, not necessarily open-market trade prices.

How many Badger Meter (BMI) shares does Fred J. Begale own after these Form 4 transactions?

After the reported transactions, Fred J. Begale directly owned 3,040 shares of Badger Meter common stock. This post-transaction figure reflects his holdings following the March 3, 2026 tax-withholding share disposition.

Were Fred J. Begale’s BMI Form 4 transactions open-market sales or tax withholdings?

The Form 4 characterizes both transactions as tax-withholding dispositions, not open-market sales. Shares were delivered to satisfy tax liabilities associated with equity awards, according to the transaction code description provided.

What role does Fred J. Begale hold at Badger Meter (BMI) in this Form 4 filing?

Fred J. Begale is identified as a Vice President–Utility NPD at Badger Meter Inc. His Form 4 reflects personal equity compensation-related share dispositions for tax purposes, reported as direct ownership transactions.

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Accepted by SEC EDGAR 03/03/2026 - 08:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Begale Fred J

(Last) (First) (Middle)

4545 W. BROWN DEER ROAD

(Street)

MILWAUKEE WI 53223

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BADGER METER INC [ BMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP-Utility NPD

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		F		41	D	$152.43	3,489	D
Common Stock	03/03/2026		F		449	D	$148.76	3,040	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.