Liu Xia 4
4 · BADGER METER INC · Filed Jul 2, 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 128.05 phantom stock units on 2026-07-01. The units were valued at $148.38 each (the 6/30/26 closing price), for a total economic value of $19,000. This was recorded as an accrual in the company’s Director Deferred Compensation Plan as payment of her Q3 2026 retainer — a compensation award (derivative), not an open-market purchase.
Key Details
- Transaction date and valuation: 2026-07-01; units computed at $148.38 (6/30/26 close).
- Amount: 128.05 phantom stock units; total economic value $19,000.
- Security type: Phantom stock units (derivative award) — not actual common shares.
- Shares owned after transaction: Not specified in the Form 4.
- Filing: Form 4 filed 2026-07-02 for the 7/1/2026 transaction (filed promptly).
- Footnotes: Units were accrued in Ms. Liu’s Director Deferred Compensation Plan as her Q3 retainer; each phantom unit equals the economic value of one common share and will be payable in cash upon termination of her service as a director.
Context Phantom stock units are a form of deferred cash compensation that track the value of common shares but typically settle in cash (here, upon a director’s termination). Such awards are routine for non-employee directors and reflect compensation policy rather than a direct buy/sell signal about the insider’s market view.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-07-01$148.38/sh+128.05$19,000→ 4,652.757 total→ BMI Common Stock (128.05 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]The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her 2026 Quarter 3 retainer paid to non-employee directors in the amount of $19,000. The phantom stock units were computed at $148.38, the 6/30/26 closing price of the Company's common stock as required by the plan.