Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Jan 1, 2026
Reporting period
Not applicable
Filed with the SEC
Jan 2, 2026
DirectorGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001193125-26-001138
Filed / recorded
Jan 2, 2026, 11:00 PM UTC
Added to OQRO
Oct 6, 2026, 10:14 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
BADGER METER INC
Issuer CIK
9092
Ticker
BMI
Reporting person
Todd A. Adams
Relationship
Director
Security
Phantom Stock Units
Table
Derivative (Table II)
Transaction date
Jan 1, 2026
Transaction code
A
Shares / units
108.94
Price per share
$174.41
Acquired / disposed
Acquired (A)
Shares owned after
15,995.773
Ownership form
Direct
Amendment
No
Footnotes from the filing
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.
The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2026 Quarter 1 retainer paid to non-employee directors in the amount of $19,000. The phantom stock units were computed at $174.41, the 12/31/25 closing price of the Company's common stock as required by the plan.