Wrocklage Robert 4

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.