Liu Xia 4
4 · BADGER METER INC · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Badger Meter (BMI) Director Liu Xia Receives Phantom Stock Award
What Happened
Liu Xia, a director of Badger Meter, received an award of 952 phantom shares on April 27, 2026. The filing reports a per-share value of $122.96, for a total reported value of $117,058. This was an award (code A) — a non-cash, derivative grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-27; Form 4 filed: 2026-04-29 (timely filing).
- Transaction type/code: Award/Grant (A), derivative phantom stock.
- Shares/units granted: 952 phantom shares at $122.96 each; total reported value $117,058.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes:
- F1: Each phantom share equals the economic equivalent of one common share and becomes payable in cash upon the director’s termination of service.
- F2: Grant made under the 2021 Omnibus Incentive Plan as the board’s annual non-employee director award (target ~ $125,000, rounded to whole shares based on a 10‑day average price).
- Not a sale or open-market purchase — this is compensation for board service.
Context
Phantom stock is a derivative award that tracks the value of common shares but does not transfer actual shares; it typically results in cash payment (per F1) when the director leaves service. Such grants are routine compensation for non-employee directors and should be viewed as pay-related awards rather than a direct signal of insider buying or selling.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-04-27$122.96/sh+952$117,058→ 4,393.427 total→ BMI Common Stock (952 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.
- [F2]Shares granted pursuant to the 2021 Omnibus Incentive Plan as approved by shareholders on April 30, 2021. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $125,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.