Wrocklage Robert 4

4 · BADGER METER INC · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Badger Meter EVP Robert Wrocklage Receives Stock Award

What Happened

Robert Wrocklage, EVP — N.A. Municipal Utility at Badger Meter (BMI), reported two award/acquisition transactions on Feb 12, 2026. The filing shows acquisition of 3,578 shares (price not reported) and 2,786 shares at $174.41 each (total value ≈ $486,000). These were reported as awards (transaction code A), not open‑market purchases or sales.

Key Details

Transaction date: Feb 12, 2026 (Form 4 filed Feb 17, 2026).
Reported lots: 3,578 shares (no price indicated) and 2,786 shares at $174.41 (≈ $486,000).
Shares owned after transaction: Not disclosed in the provided excerpt.
Relevant footnotes:
- F1–F3: These 2,786 shares reflect Performance Stock Units (PSUs) granted March 3, 2023 for the 2023–2025 performance period; the number earned was approved Feb 12, 2026. The earned PSUs will vest on March 3, 2026 and convert 1:1 into common shares.
- F4–F5: The 3,578 figure represents unitized ESSOP (401(k)) share equivalents accumulated in 2025/early 2026; valuation used a year‑end stock price.
Timeliness: Form filed Feb 17, 2026 for the Feb 12, 2026 report date; the filing shows no indication of being late in the document.

Context

These entries are awards/vestings (compensation and retirement plan share equivalents), not purchases or sales; they reflect compensation recognition and plan contributions rather than a direct market signal of insider buying or selling. PSUs convert to common stock on a one‑for‑one basis and will vest on the stated March 3, 2026 date.

Form 4

Period: 2026-02-12

EVP-N.A. Muncipal Utility

Transactions

Award
Common Stock
[F1][F3][F2]
2026-02-12+3,578→ 23,119 total
Award
Common Stock
[F4][F5]
2026-02-12$174.41/sh+2.786$486→ 172.3 total(indirect: ESSOP)

Footnotes (5)

[F1]On March 3, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2023-2025 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 12, 2026. The earned value of these shares is now subject to vesting, which will occur on March 3, 2026.
[F2]Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 3, 2023 for the 2023-2025 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date.
[F3]PSUs convert into common stock on a one-for-one basis.
[F4]Represents share equivalents of Badger Meter stock accumulated during 2025 and early 2026 in the participant's unitized 401(k) component of the ESSOP, including contributions and match.
[F5]Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents.

Signature

/s/ William R.A. Bergum, Attorney-in-Fact for Robert A. Wrocklage|2026-02-17

1 file