Badger Meter (NYSE: BMI) EVP granted 451 restricted shares

Rhea-AI Filing Summary

Stuyvenberg Matthew L reported acquisition or exercise transactions in this Form 4 filing.

Badger Meter Inc executive Matthew L. Stuyvenberg received a grant of 451 shares of restricted common stock on March 6, 2026 under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the grant date. Following this award, he directly holds 6,428 common shares.

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

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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^*

Stuyvenberg Matthew L

(Last) (First) (Middle)

4545 W. BROWN DEER ROAD

P.O. BOX 245036

(Street)

MILWAUKEE WI 53224

(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)
	EVP-SaaS Intl Utility & Comm'l

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		451	A	(1)	6,428	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 Matthew L. Stuyvenberg	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.

FAQ

What insider transaction did Badger Meter (BMI) report for Matthew L. Stuyvenberg?

Badger Meter reported that executive Matthew L. Stuyvenberg received a grant of 451 shares of restricted common stock. The award was recorded as a grant or other acquisition, rather than an open-market purchase or sale, and increased his directly held common stock position.

When does Matthew L. Stuyvenberg’s Badger Meter restricted stock vest?

Matthew L. Stuyvenberg’s restricted stock grant vests ratably over three years from the March 6, 2026 grant date. This means portions of the 451 restricted shares are scheduled to vest each year during the three-year period, subject to the plan’s terms and conditions.

How many Badger Meter shares does Matthew L. Stuyvenberg hold after this Form 4 transaction?

After the reported grant, Matthew L. Stuyvenberg directly holds 6,428 shares of Badger Meter common stock. This total includes the newly awarded 451 restricted shares, which were granted at no cash cost per share under the company’s 2021 Omnibus Incentive Plan.

Was Matthew L. Stuyvenberg’s Badger Meter stock transaction a purchase or a compensation grant?

The transaction was a compensation-related grant, not an open-market purchase. It is coded as an award acquisition of 451 restricted common shares at a stated price of $0.00 per share, granted under Badger Meter’s 2021 Omnibus Incentive Plan for executive compensation.

What role does Matthew L. Stuyvenberg hold at Badger Meter (BMI)?

Matthew L. Stuyvenberg serves as an officer of Badger Meter with the title EVP-SaaS Intl Utility & Comm'l. The Form 4 filing associates this executive role with the reported restricted stock grant and his resulting direct ownership of 6,428 common shares in the company.