Htwe Richard 4

4 · BADGER METER INC · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Badger Meter (BMI) VP Richard Htwe Receives Award of 1,193 Shares

What Happened

Richard Htwe, Vice President – Global Operations at Badger Meter (BMI), was awarded/received 1,193 shares tied to Performance Stock Units (PSUs) on Feb 12, 2026. No cash was paid and no open‑market purchase or sale occurred; this is an award (code A).
No per‑share price or total dollar value is reported for this award (PSUs convert to common stock one‑for‑one on vesting).

Key Details

Transaction date: Feb 12, 2026; Form 4 filed Feb 17, 2026 (appears to be filed after the typical 2-business‑day deadline for Form 4s).
Award type: Performance Stock Units granted Mar 3, 2023 for the 2023–2025 performance period; 1,193 PSUs were approved as earned by the Compensation & Human Resources Committee on Feb 12, 2026 (Footnotes F1–F3).
Vesting: Earned PSUs will vest and convert one‑for‑one into common shares on Mar 3, 2026, subject to continued employment through that date.
Shares owned after the reported transaction are not specified in the provided filing excerpt.
This was an earned performance award (A); not a purchase (P) or sale (S). No 10b5‑1 plan, tax‑withholding sale, or cashless exercise noted in the excerpt.

Context

These PSUs were originally granted on Mar 3, 2023 and tied to performance over 2023–2025. The committee’s Feb 12, 2026 approval means performance targets were met for that period; conversion to actual shares depends on vesting on the third anniversary and continued employment.
Awards like this reflect compensation tied to performance metrics and do not by themselves signal an insider buying or selling shares.

Form 4

Period: 2026-02-12

VP-Global Operations

Transactions

Footnotes (3)

[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.

Signature

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

1 file