Liu Xia 4
4 · BADGER METER INC · Filed Oct 1, 2024
Insider Transaction Report
Form 4
Liu Xia
Director
Transactions
- Other
Phantom Stock Units
2024-10-01+11.782→ 2,302.252 total→ BMI Common Stock (11.782 underlying) - Award
Phantom Stock Units
2024-10-01$218.41/sh+73.26$16,001→ 2,290.47 total→ BMI Common Stock (73.26 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.
- [F2]The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her 2024 Quarter 4 retainer paid to non-employee directors in the amount of $16,000. The phantom stock units were computed at $218.41, the 9/30/2024 closing price of the Company's common stock as required by the plan.
- [F3]Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11."