Badger Meter officer reports tax-share dispositions

Badger Meter Inc. executive William R. A. Bergum, VP–General Counsel and Secretary, reported two tax-related share dispositions under pre-existing awards.

Rhea-AI Filing Summary

Badger Meter Inc. executive William R. A. Bergum, VP–General Counsel and Secretary, reported two tax-related share dispositions under pre-existing awards. On February 27, he disposed of 47 common shares at $152.43 per share, and on March 3 he disposed of 420 shares at $148.76 per share. Both transactions are coded as tax-withholding dispositions, meaning shares were delivered to satisfy tax obligations rather than sold in an open-market trade. After these transactions, he directly holds 13,785 common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 467 shares

Exercise Price or Tax Liability 2 txns

Insider BERGUM WILLIAM R A

Role VP-Gen. Counsel and Secretary

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	420	$148.76	$62K
Exercise Price or Tax Liability	Common Stock	47	$152.43	$7K

Holdings After Transaction: Common Stock — 13,785 shares (Direct)

FAQ

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

What insider transactions did Badger Meter (BMI) report for William R. A. Bergum?

Badger Meter reported that William R. A. Bergum completed two tax-withholding dispositions of common stock. He delivered 47 shares on February 27 at $152.43 per share and 420 shares on March 3 at $148.76 per share to cover tax obligations.

How many Badger Meter (BMI) shares did the executive dispose of for taxes?

In total, William R. A. Bergum disposed of 467 Badger Meter common shares for tax-withholding. The Form 4 shows 47 shares delivered on February 27 and 420 shares delivered on March 3, both coded as payment of tax liability by delivering securities.

What type of transactions are shown in this Badger Meter (BMI) Form 4?

Both transactions are classified as tax-withholding dispositions, coded “F” on the Form 4. This code indicates payment of an exercise price or tax liability by delivering securities, rather than a traditional open-market purchase or sale of Badger Meter common stock.

What is William R. A. Bergum’s role at Badger Meter (BMI)?

William R. A. Bergum is an officer of Badger Meter, serving as Vice President, General Counsel and Secretary. The Form 4 lists him as the reporting person for these common stock tax-withholding dispositions related to his equity compensation.

How many Badger Meter (BMI) shares does Bergum hold after these transactions?

After the reported tax-withholding dispositions, William R. A. Bergum directly owns 13,785 shares of Badger Meter common stock. This post-transaction holding is disclosed in the Form 4 as the total shares following the March 3 transaction.

Were these Badger Meter (BMI) insider transactions open-market sales?

No, the transactions are identified as tax-withholding dispositions, not open-market sales. The Form 4 uses transaction code “F,” which denotes payment of an exercise price or tax liability by delivering Badger Meter common stock to the issuer or related party.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

BERGUM WILLIAM R A

(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-Gen. Counsel and Secretary

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		47	D	$152.43	14,205	D
Common Stock	03/03/2026		F		420	D	$148.76	13,785	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	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.