Weltzien Daniel R 4
4 · BADGER METER INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Badger Meter (BMI) VP‑CFO Daniel Weltzien Receives Award
What Happened
Daniel R. Weltzien, VP‑CFO and Treasurer of Badger Meter (BMI), was credited with two award-type acquisitions on Feb 12, 2026: 1,193 performance stock units (PSUs) that were approved as earned by the compensation committee, and 1.335 share equivalents from the company ESSOP (401(k)) unitized component. The 1.335 ESSOP shares were valued on the filing at $174.41 each, totaling about $233. The PSUs convert one-for-one into common shares but are subject to vesting on March 3, 2026 and continued employment requirements.
Key Details
- Transaction date: Feb 12, 2026; Form 4 filed Feb 17, 2026 (filed 5 days after the transaction date).
- Awards: 1,193 PSUs approved as earned (convert 1-for-1 to common stock; vesting occurs Mar 3, 2026) [F1–F3].
- ESSOP: 1.335 unitized share equivalents credited to the participant’s ESSOP 401(k) component, valued at $174.41 each = $233 [F4–F5].
- Nature: Award/grant (Code A) — compensation/plan credits rather than an open‑market buy or sell.
- Vesting/conditions: PSUs were performance‑earned and approved on Feb 12, 2026 but will vest on Mar 3, 2026 subject to continued employment [F1–F2].
- Shares owned after transaction: not provided in the excerpt of this filing.
Context
These entries reflect compensation-related awards (performance units and retirement plan share equivalents), which are routine for executives and different from open‑market purchases or sales. The PSUs were performance‑based and approved by the board committee; they do not represent immediately vested, freely tradable shares until the March 3, 2026 vesting date and any employment condition is satisfied. The Form 4 was filed several days after the transaction date, which retail investors may note as a delayed filing.
Insider Transaction Report
- Award
Common Stock
[F1][F3][F2]2026-02-12+1,193→ 5,989 total - Award
Common Stock
[F4][F5]2026-02-12$174.41/sh+1.335$233→ 111.68 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.