Bockhorst Kenneth 4

What Happened
Kenneth Bockhorst, Chairman, President & CEO and a director of Badger Meter, had 450 shares disposed (withheld) to satisfy a tax liability related to an equity event. The shares were recorded at $148.85 each for a total value of approximately $66,983. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: March 6, 2026; filing date: March 10, 2026 (filed within required timeframe).
• Price per share: $148.85; shares disposed: 450; total value ≈ $66,983.
• Transaction type/code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: filing appears timely (filed within two business days after the transaction).

Context
Code F transactions indicate shares were surrendered or withheld to cover taxes from a prior equity grant or option exercise. This is a routine administrative disposition and does not reflect an open-market sale or a directional bet by the insider. For retail investors, tax-withholding disposals generally carry less informational weight about insider sentiment than outright purchases or market sales.