Badger Meter (NYSE: BMI) VP reports Form 4 tax-withholding share moves

Rhea-AI Filing Summary

Badger Meter Inc. VP of Human Resources Sheryl Hopkins reported two tax-related stock dispositions. On February 27, 2026, 54 shares of common stock were used for tax withholding at $152.43 per share. On March 3, 2026, 449 shares were similarly withheld at $148.76 per share, leaving her with 5,347 directly owned shares afterward.

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)
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		54	D	$152.43	5,796	D
Common Stock	03/03/2026		F		449	D	$148.76	5,347	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, Attorney-in-Fact for Sheryl L. Hopkins	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.

FAQ

What insider transactions did Badger Meter (BMI) VP Sheryl Hopkins report?

Sheryl Hopkins reported two tax-related stock dispositions. On February 27, 2026, 54 common shares were withheld at $152.43 each, and on March 3, 2026, 449 shares were withheld at $148.76 each to cover tax obligations.

Were Sheryl Hopkins’ Badger Meter (BMI) transactions open-market sales?

No, the transactions were coded “F” as tax-withholding dispositions. This means shares of Badger Meter common stock were delivered to satisfy exercise price or tax liabilities, rather than sold in open-market trading.

How many Badger Meter (BMI) shares did Sheryl Hopkins dispose of for taxes?

She disposed of 503 shares in total through tax-withholding. This included 54 shares on February 27, 2026 at $152.43 per share and 449 shares on March 3, 2026 at $148.76 per share.

How many Badger Meter (BMI) shares does Sheryl Hopkins own after the reported transactions?

After the March 3, 2026 tax-withholding disposition, Sheryl Hopkins directly owns 5,347 shares of Badger Meter common stock. The filing classifies her ownership as direct, reflecting holdings in her own name.

What does transaction code “F” mean in the Badger Meter (BMI) Form 4?

Transaction code “F” indicates a payment of exercise price or tax liability by delivering securities. In this case, Badger Meter shares were withheld from Sheryl Hopkins to satisfy tax obligations related to equity compensation.