Badger Meter VP gets 328 restricted shares

Callahan Edward F. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Callahan Edward F. reported acquisition or exercise transactions in this Form 4 filing.

Badger Meter Inc. reported that Vice President of Engineering Edward F. Callahan received a grant of 328 shares of common stock as restricted stock on March 6, 2026. The award was made under the company’s 2021 Omnibus Incentive Plan and will vest in equal installments over three years from the grant date. After this grant, Callahan directly holds 328 common shares, reflecting a routine compensation-related equity award rather than an open-market trade.

Insider Trade Summary

Grant/Award: 328 shares

Grant/Award 1 txn

Insider Callahan Edward F.

Role VP-Engineering

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	328	$0.00	$0.00

Holdings After Transaction: Common Stock — 328 shares (Direct)

Footnotes (1)

1. F1. Restricted stock granted March 6, 2026 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the grant date.

FAQ

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

What insider transaction did Badger Meter (BMI) disclose for Edward F. Callahan?

Badger Meter disclosed that VP of Engineering Edward F. Callahan received a grant of 328 shares of common stock as restricted stock. This equity award is compensation-based rather than an open-market purchase or sale, and increases his direct ownership to 328 shares.

Was the Badger Meter (BMI) insider transaction a stock sale or purchase?

The transaction was an award, not a sale or open-market purchase. Edward F. Callahan received 328 restricted shares of Badger Meter common stock as part of his compensation, at no cash purchase price, under the company’s 2021 Omnibus Incentive Plan.

How many Badger Meter (BMI) shares does Edward F. Callahan hold after this award?

After the award, Edward F. Callahan directly holds 328 shares of Badger Meter common stock. All of these shares come from the March 6, 2026 restricted stock grant, according to the reported ownership totals following the transaction.

How do the Badger Meter (BMI) restricted shares for Edward F. Callahan vest?

The 328 restricted shares granted to Edward F. Callahan vest ratably over three years from the March 6, 2026 grant date. This means the award will become fully vested in three equal annual installments, subject to the plan’s standard conditions.

Under which plan were the Badger Meter (BMI) restricted shares granted to Edward F. Callahan?

The restricted stock granted to Edward F. Callahan was issued under Badger Meter’s 2021 Omnibus Incentive Plan. This plan is used to deliver equity-based compensation, such as restricted stock awards, to eligible employees and executives of the company.

What role does Edward F. Callahan hold at Badger Meter (BMI) in this equity award disclosure?

In this disclosure, Edward F. Callahan is identified as Badger Meter’s Vice President of Engineering. The 328-share restricted stock grant represents part of his compensation package, aligning a portion of his pay with the company’s long-term share performance.

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

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Accepted by SEC EDGAR 03/10/2026 - 06:00 PM EDT 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^*

Callahan Edward F.

(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-Engineering

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		328	A	(1)	328	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:

1. Restricted stock granted March 6, 2026 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the grant date.

	/s/ William R.A. Bergum, Attorney-in-Fact for Edward F. Callahan	03/10/2026
	** 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.