Wrocklage Robert 4

What Happened

• Robert Wrocklage, EVP — North American Municipal Utility at Badger Meter (BMI), was granted 1,312 restricted shares on March 6, 2026 and concurrently had 210 shares disposed to cover tax withholding. The 210 shares were sold at $148.85 each for a total of $31,259. The 1,312-share award is restricted stock (no purchase price reported).

Key Details

• Transaction date: 2026-03-06.
• Sale (tax withholding): 210 shares @ $148.85 = $31,259 (transaction code F).
• Grant/acquisition: 1,312 restricted shares granted (transaction code A); acquisition price N/A for restricted stock.
• Vesting note: Restricted stock vests ratably over three years from the grant date (footnote F1).
• Shares owned after the transactions: not specified in the filing.
• Filing date: March 10, 2026 — filed within the standard two-business-day reporting window (timely).

Context

• The 210-share disposal was a tax-withholding sale tied to the restricted stock grant (routine compensation-related transaction), not an open-market sell driven by investment views. The new 1,312 restricted shares are compensation and will vest over time; such awards are common and don't alone signal management sentiment.