Badger Meter director granted 952 phantom stock units
Liu Xia reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Liu Xia reported acquisition or exercise transactions in this Form 4 filing.
Badger Meter Inc. director Xia Liu received a grant of 952 Phantom Stock Units on April 27, 2026 as director compensation. Each phantom unit is the economic equivalent of one share of BMI common stock and will be paid in cash when Liu leaves the board.
The award was made under the 2021 Omnibus Incentive Plan, with this year’s non-employee director grant set at $125,000, rounded down to the nearest whole share based on a 10-day average closing price. Following this grant, Liu holds 4,393.427 Phantom Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 952 shares
Grant/Award
1 txn
Insider
Liu Xia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 952 | $122.96 | $117K |
Holdings After Transaction:
Phantom Stock Units — 4,393.427 contracts (Direct)
Footnotes (2)
- 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. Shares granted pursuant to the 2021 Omnibus Incentive Plan as approved by shareholders on April 30, 2021. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $125,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.
Key Figures
Phantom Stock Units granted: 952 units
Grant reference price: $122.96 per share
Total Phantom Stock Units after grant: 4,393.427 units
+3 more
6 metrics
Phantom Stock Units granted
952 units
Grant to director Xia Liu on April 27, 2026
Grant reference price
$122.96 per share
Implied price per Phantom Stock Unit for 2026 director grant
Total Phantom Stock Units after grant
4,393.427 units
Director Xia Liu’s phantom stock balance following the award
Annual director grant value
$125,000
Non-employee director grant size, rounded down to whole shares
Average price period
10-day average closing price
Basis for calculating shares in the 2026 director grant
Plan approval date
April 30, 2021
Shareholder approval of 2021 Omnibus Incentive Plan
Key Terms
Phantom Stock Units, economic equivalent of one share of common stock, 2021 Omnibus Incentive Plan, annual grant, +1 more
5 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
2021 Omnibus Incentive Plan financial
"Shares granted pursuant to the 2021 Omnibus Incentive Plan"
annual grant financial
"Non-employee directors are given an annual grant of Badger Meter Common Stock"
10-day average closing price financial
"based on a 10-day average closing price of the Company's Common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Badger Meter (BMI) director Xia Liu receive in this Form 4 filing?
Director Xia Liu received a grant of 952 Phantom Stock Units as compensation. Each unit mirrors one share of Badger Meter common stock economically and increases Liu’s long-term, performance-linked stake tied to the company’s share price, paid out in cash at board service termination.
What are Phantom Stock Units in the Badger Meter (BMI) Form 4?
Phantom Stock Units are cash-settled awards whose value equals one share of Badger Meter common stock. They track the stock’s economic performance but do not deliver actual shares and become payable in cash when the reporting person’s service as a director ends, aligning incentives with shareholders.
What is the approximate value of Xia Liu’s Badger Meter (BMI) phantom stock grant?
The 2026 non-employee director grant is set at approximately $125,000, rounded down to the nearest whole share. Xia Liu’s 952 Phantom Stock Units were calculated using a 10-day average closing price of Badger Meter common stock, creating a standardized annual compensation award for directors.
Under what plan was Xia Liu’s Badger Meter (BMI) phantom stock granted?
The phantom stock was granted under Badger Meter’s 2021 Omnibus Incentive Plan, approved by shareholders on April 30, 2021. This plan governs equity-based and similar incentive awards, including the annual stock-based grants made to non-employee directors on the first business day after the annual meeting.
When will Xia Liu’s Badger Meter (BMI) Phantom Stock Units be paid out?
The Phantom Stock Units become payable in cash upon Xia Liu’s termination of service as a director. Until then, the units remain bookkeeping entries tied to Badger Meter’s common stock value, designed to align director compensation with long-term shareholder outcomes without issuing actual shares.
How many Phantom Stock Units does Xia Liu hold in Badger Meter (BMI) after this grant?
After receiving the 952-unit award, Xia Liu holds a total of 4,393.427 Phantom Stock Units. This total reflects accumulated director compensation awards over time, all economically linked to Badger Meter’s common stock and payable in cash once Liu’s board service with the company ends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
