Badger Meter Inc: director Todd A. Adams received 153.8 shares

What happened Todd A. Adams, a director of Badger Meter Inc, received 153.8 phantom stock units as an award on Oct 1, 2026. The units were computed at $123.54 per share for a total reported value of $19,000. The filing classifies the transaction as a derivative acquisition.

Key details

• Transaction date and price: Oct 1, 2026; $123.54 per unit (closing price on Sep 30, 2026).
• Shares acquired: 153.8 phantom stock units; reported value $19,000.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: each phantom stock unit is the economic equivalent of one common share and becomes payable in cash upon the director's termination of service (F1). The units were accrued in the director deferred compensation plan as payment for the Q4 2026 retainer of $19,000 and were computed using the Sep 30, 2026 closing price of $123.54 (F2).
• Filing timeliness: not indicated as late in the filing.

Why it may matter

• This was a grant of phantom stock units (a derivative compensation award payable in cash), not a market purchase or sale.
• The filing does not show why the insider traded or why the company acted.