Badger Meter (BMI) VP Hopkins reports indirect ESSOP stock transaction

Rhea-AI Filing Summary

Badger Meter Inc. executive Sheryl Hopkins reported an indirect transaction in company stock. As VP of Human Resources, she recorded an indirect change involving 668 shares of common stock at a price of $158.41 per share on February 12, 2026. Following this transaction, she indirectly held 676.5986 shares of Badger Meter common stock through an ESSOP arrangement.

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^*

Hopkins Sheryl

(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)
	VP - Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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	02/12/2026		I		668	A	$158.41	676.5986	I	ESSOP

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 Sheryl Hopkins	02/13/2026
	** 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 BMI executive Sheryl Hopkins report on this Form 4?

Sheryl Hopkins reported an indirect transaction in Badger Meter common stock. The filing shows activity involving 668 shares at $158.41 per share, recorded on February 12, 2026, with holdings reflected through an ESSOP structure after the transaction.

What is Sheryl Hopkins’ role at Badger Meter Inc. (BMI)?

Sheryl Hopkins is an officer of Badger Meter Inc., serving as Vice President of Human Resources. Her position is disclosed in the Form 4, which identifies her as an officer rather than a director or 10% beneficial owner of the company’s stock.

How many BMI shares did Sheryl Hopkins indirectly hold after the reported transaction?

After the reported transaction, Sheryl Hopkins indirectly held 676.5986 shares of Badger Meter common stock. The Form 4 states this post-transaction balance, with ownership categorized as indirect through an ESSOP arrangement rather than directly in her own name.

What was the per-share price in the BMI Form 4 transaction for Sheryl Hopkins?

The Form 4 shows a transaction price of $158.41 per share for Badger Meter common stock. This price applies to the 668 shares involved in the reported indirect transaction on February 12, 2026, as disclosed in the non-derivative securities table.

How is Sheryl Hopkins’ ownership in BMI stock categorized on this Form 4?

Her ownership is categorized as indirect, coded as “I” on the Form 4. The nature of this indirect beneficial ownership is specified as ESSOP, indicating the shares are held through an employee stock ownership-related plan rather than directly by her.

Does this BMI Form 4 indicate whether the transaction was a buy or sell?

The Form 4 uses transaction code “I” and describes it as a transaction in non-derivative common stock. The normalized data labels the direction as unknown, so the filing does not clearly designate the activity as a purchase or a sale.