Htwe Richard 4

What Happened

• Richard Htwe, VP–Global Operations of Badger Meter (BMI), received a grant of 369 restricted shares on March 6, 2026. To satisfy tax withholding, 41 of those shares were surrendered/withheld at $148.85 per share, totaling $6,103.
• This was an equity award (not an open‑market buy or sale). The withholding is a routine tax withholding, not an indication of a market sale.

Key Details

• Transaction date: March 6, 2026.
• Grant: 369 restricted shares (reporting code A — award/grant). No per‑share price applies for the grant.
• Withholding/disposition: 41 shares @ $148.85 = $6,103 (reporting code F — tax withholding).
• Footnote: Restricted stock granted under the 2021 Omnibus Incentive Plan; vests ratably over three years from the grant date.
• Shares owned after transaction: Not specified in the Form 4.
• Filing timeliness: Report filed March 10, 2026 — within the required two business‑day window (timely).

Context

• Restricted stock awards are common executive compensation; the reported 41‑share disposition reflects tax withholding rather than a voluntary market sale. Such awards vest over time, so the shares are subject to forfeiture or vesting schedule until fully vested.