Last 12 months
Inside the activity.
9 purchase rows · 4 sale rows
Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.Monthly counts
| Month | Purchases | Sales |
|---|---|---|
| Nov 2025 | 0 | 0 |
| Dec 2025 | 0 | 0 |
| Jan 2026 | 0 | 0 |
| Feb 2026 | 3 | 1 |
| Mar 2026 | 0 | 3 |
| Apr 2026 | 5 | 0 |
| May 2026 | 0 | 0 |
| Jun 2026 | 0 | 0 |
| Jul 2026 | 1 | 0 |
| Aug 2026 | 0 | 0 |
| Sep 2026 | 0 | 0 |
| Oct 2026 | 0 | 0 |
Latest available
Insider transactions
Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Owner / reported role | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| February 26, 2024 Filed Feb 27, 2024 22:22 UTC |
BERGUM WILLIAM R AVP-Gen. Counsel and Secretary
|
SaleCommon Stock | 1,416 | $156.23 | $221,221.68 |
DisclosureSEC source: 0000950170-24-021424 · ownership.xml · nonDerivative · entry 2 BERGUM WILLIAM R A · CIK 0001353821 · VP-Gen. Counsel and Secretary 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,422 Read SEC document |
| February 26, 2024 Filed Feb 27, 2024 22:22 UTC |
BERGUM WILLIAM R AVP-Gen. Counsel and Secretary
|
Exercise / conversionCommon Stock | 2,416 | $27.18 | $65,666.88 |
DisclosureSEC source: 0000950170-24-021424 · ownership.xml · nonDerivative · entry 1 BERGUM WILLIAM R A · CIK 0001353821 · VP-Gen. Counsel and Secretary 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 14,838 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Wrocklage RobertSVP-CFO
|
GrantCommon Stock | 2,527 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028212 · ownership.xml · nonDerivative · entry 1 Wrocklage Robert · CIK 0001694589 · SVP-CFO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 16,973 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Begale Fred JVP-Engineering
|
GrantCommon Stock | 818 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028210 · ownership.xml · nonDerivative · entry 1 Begale Fred J · CIK 0001462630 · VP-Engineering 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,384 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Bauer Karen M.VP-IR, Strategy & Treasurer
|
GrantCommon Stock | 893 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028211 · ownership.xml · nonDerivative · entry 1 Bauer Karen M. · CIK 0001776888 · VP-IR, Strategy & Treasurer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,036 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Weltzien Daniel RVP-Controller
|
GrantCommon Stock | 818 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028209 · ownership.xml · nonDerivative · entry 1 Weltzien Daniel R · CIK 0001762224 · VP-Controller 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,351 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Stoll Kimberly KVP-Sales & Marketing
|
GrantCommon Stock | 1,043 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028208 · ownership.xml · nonDerivative · entry 1 Stoll Kimberly K · CIK 0001462632 · VP-Sales & Marketing 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 5,441 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Hopkins SherylVP - Human Resources
|
GrantCommon Stock | 930 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028207 · ownership.xml · nonDerivative · entry 1 Hopkins Sheryl · CIK 0001829202 · VP - Human Resources 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,291 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
Bockhorst KennethDirector · Chairman, President & CEO
|
GrantCommon Stock | 13,014 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028205 · ownership.xml · nonDerivative · entry 1 Bockhorst Kenneth · CIK 0001672279 · Director · Chairman, President & CEO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 47,786 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 06, 2024 Filed Mar 7, 2024 23:30 UTC |
BERGUM WILLIAM R AVP-Gen. Counsel and Secretary
|
GrantCommon Stock | 930 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-24-028206 · ownership.xml · nonDerivative · entry 1 BERGUM WILLIAM R A · CIK 0001353821 · VP-Gen. Counsel and Secretary 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 14,602 F1 · kind: On March 5, 2021, the Reporting Person was granted Performance Stock Units ("PSUs"), the amount of which was subject to the achievement of certain performance criteria for the 2021-2023 performance period. The shares reported represent the number of PSUs that were earned as a result of the achievement of such performance criteria and approved by the Compensation and Human Resources Committee of the Board on February 6, 2024. The shares were inadvertently not reported at the time of achievement approval. F3 · price: PSUs convert into common stock on a one-for-one basis F2 · acquired: Represents the number of shares of common stock issued upon the vesting of PSUs granted on March 5, 2021 for the 2021-2023 performance period, based on the third anniversary of the grant date subject to both performance achievement approval and continued employment through such date. Read SEC document |
| February 02, 2024 Filed Feb 5, 2024 22:27 UTC |
Begale Fred JVP-Engineering
|
GrantCommon Stock | 146.22 | $154.37 | $22,571.98 |
DisclosureSEC source: 0000950170-24-011367 · ownership.xml · nonDerivative · entry 1 Begale Fred J · CIK 0001462630 · VP-Engineering 10b5-1 filing: No plan indicated Ownership: Indirect · ESSOP Disclosed balance after: 7,192 F1 · kind: Represents share equivalents of Badger Meter stock accumulated during 2023 and early 2024 in the participant's unitized 401(k) component of the ESSOP, including contributions and match. F2 · price: Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents. Read SEC document |
| February 02, 2024 Filed Feb 5, 2024 22:26 UTC |
BERGUM WILLIAM R AVP-Gen. Counsel and Secretary
|
GrantCommon Stock | 149.12 | $154.37 | $23,019.65 |
DisclosureSEC source: 0000950170-24-011365 · ownership.xml · nonDerivative · entry 1 BERGUM WILLIAM R A · CIK 0001353821 · VP-Gen. Counsel and Secretary 10b5-1 filing: No plan indicated Ownership: Indirect · ESSOP Disclosed balance after: 11,605.77 F1 · kind: Represents share equivalents of Badger Meter stock accumulated during 2023 and early 2024 in the participant's unitized 401(k) component of the ESSOP, including contributions and match. F2 · price: Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents. Read SEC document |
| February 02, 2024 Filed Feb 5, 2024 22:26 UTC |
Stoll Kimberly KVP-Sales & Marketing
|
GrantCommon Stock | 136.43 | $154.37 | $21,060.70 |
DisclosureSEC source: 0000950170-24-011363 · ownership.xml · nonDerivative · entry 1 Stoll Kimberly K · CIK 0001462632 · VP-Sales & Marketing 10b5-1 filing: No plan indicated Ownership: Indirect · ESSOP Disclosed balance after: 6,249.23 F1 · kind: Represents share equivalents of Badger Meter stock accumulated during 2023 and early 2024 in the participant's unitized 401(k) component of the ESSOP, including contributions and match. F2 · price: Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents. Read SEC document |
| February 02, 2024 Filed Feb 5, 2024 22:26 UTC |
Stuyvenberg Matthew LVice President-Software & WQ
|
GrantCommon Stock | 41.49 | $154.37 | $6,404.81 |
DisclosureSEC source: 0000950170-24-011362 · ownership.xml · nonDerivative · entry 1 Stuyvenberg Matthew L · CIK 0001904247 · Vice President-Software & WQ 10b5-1 filing: No plan indicated Ownership: Indirect · ESSOP Disclosed balance after: 1,207.21 F1 · kind: Represents share equivalents of Badger Meter stock accumulated during 2023 and early 2024 in the participant's unitized 401(k) component of the ESSOP, including contributions and match. F2 · price: Year end stock price for Badger Meter Common Stock used to calculate the ESSOP unitized share equivalents. Read SEC document |
| January 02, 2024 Filed Jan 2, 2024 21:45 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 103.65 | $154.37 | $16,000.45 |
DisclosureSEC source: 0000950170-24-000316 · ownership.xml · derivative · entry 1 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,518.67 Underlying: BMI Common Stock · 103.65 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her First Quarter 2024 retainer paid to non-employee directors in the amount of $16,000. The phantom stock units were computed at $154.37, the 12/29/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| January 02, 2024 Filed Jan 2, 2024 21:42 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 103.65 | $154.37 | $16,000.45 |
DisclosureSEC source: 0000950170-24-000310 · ownership.xml · derivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 14,075.913 Underlying: BMI Common Stock · 103.65 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2024 First Quarter retainer of $16,000. The phantom stock units were computed at $154.37, the 12/29/2023 closing price of the Company's common stock as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| December 27, 2023 Filed Dec 28, 2023 16:50 UTC |
BERGUM WILLIAM R AVP-Gen. Counsel and Secretary
|
GiftCommon Stock | 23 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000950170-23-073473 · ownership.xml · nonDerivative · entry 1 BERGUM WILLIAM R A · CIK 0001353821 · VP-Gen. Counsel and Secretary 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 12,422 F1 · price: Charitable gift. No compensation was given to the donor for the gifting of shares. Read SEC document |
| October 02, 2023 Filed Oct 3, 2023 20:45 UTC |
Liu XiaDirector
|
OtherPhantom Stock Units · Derivative | 5.52 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-051539 · doc4.xml · derivative · entry 2 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,415.02 Underlying: BMI Common Stock · 5.52 shares Expires not disclosed F1 · derivative.exercise_price: 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. F3 · kind: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11. F3 · price: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| October 02, 2023 Filed Oct 3, 2023 20:45 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 104.26 | $143.87 | $14,999.89 |
DisclosureSEC source: 0001209191-23-051539 · doc4.xml · derivative · entry 1 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,409.5 Underlying: BMI Common Stock · 104.26 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her Q4 2023 quarterly retainer of $15,000. The phantom stock units were computed at $143.87, the 9/29/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| October 02, 2023 Filed Oct 3, 2023 20:44 UTC |
ADAMS TODD A.Director
|
OtherPhantom Stock Units · Derivative | 154.87 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-051538 · doc4.xml · derivative · entry 2 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,972.263 Underlying: BMI Common Stock · 154.87 shares Expires not disclosed F1 · derivative.exercise_price: 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. F3 · kind: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11. F3 · price: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| October 02, 2023 Filed Oct 3, 2023 20:44 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 104.26 | $143.87 | $14,999.89 |
DisclosureSEC source: 0001209191-23-051538 · doc4.xml · derivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,817.393 Underlying: BMI Common Stock · 104.26 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for the Q4 2023 retainer in the amount of $15,000. The phantom stock units were computed at $143.87, the 9/29/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| August 02, 2023 Filed Aug 2, 2023 22:08 UTC |
ADAMS TODD A.Director
|
Exercise / conversionStock Options · Derivative | 2,627 | Not disclosed Strike: $38.55 | Not disclosed |
DisclosureSEC source: 0001209191-23-044287 · doc4.xml · derivative · entry 3 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: BMI Common Stock · 2,627 shares Expires 2027-05-05 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · price: Stock Options are granted on a one-for-one basis. Read SEC document |
| August 02, 2023 Filed Aug 2, 2023 22:08 UTC |
ADAMS TODD A.Director
|
SaleCommon Stock | 2,627 | $162.64 | $427,247.40 |
DisclosureSEC source: 0001209191-23-044287 · doc4.xml · nonDerivative · entry 2 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 F1 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $162.40 to $162.92. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| August 02, 2023 Filed Aug 2, 2023 22:08 UTC |
ADAMS TODD A.Director
|
Exercise / conversionCommon Stock | 2,627 | $38.55 | $101,270.85 |
DisclosureSEC source: 0001209191-23-044287 · doc4.xml · nonDerivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 2,627 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 05, 2023 Filed Jul 5, 2023 21:32 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 101.65 | $147.56 | $14,999.47 |
DisclosureSEC source: 0001209191-23-041223 · doc4.xml · derivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,713.133 Underlying: BMI Common Stock · 101.65 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2023 Quarter 3 retainer paid to non-employee directors in the amount of $15,000. The phantom stock units were computed at $147.56, the 6/30/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| July 05, 2023 Filed Jul 5, 2023 21:31 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 101.65 | $147.56 | $14,999.47 |
DisclosureSEC source: 0001209191-23-041222 · doc4.xml · derivative · entry 1 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,305.24 Underlying: BMI Common Stock · 101.65 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her 2023 Quarter 3 retainer paid to non-employee directors in the amount of $15,000. The phantom stock units were computed at $147.56, the 6/30/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| June 12, 2023 Filed Jun 14, 2023 11:58 UTC |
Bockhorst KennethDirector · Chairman, President & CEO
|
GiftCommon Stock | 1,310 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-036904 · doc4.xml · nonDerivative · entry 1 Bockhorst Kenneth · CIK 0001672279 · Director · Chairman, President & CEO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 32,032 F1 · price: On June 12, 2023, the reporting person made a charitable gift of 1,310 shares. No compensation was given to the donor for the gifting of shares. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:15 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026596 · doc4.xml · derivative · entry 2 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,203.59 Underlying: BMI Common Stock · 572 shares Expires not disclosed F1 · derivative.exercise_price: 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. F3 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:15 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 73.88 | $121.82 | $9,000.06 |
DisclosureSEC source: 0001209191-23-026596 · doc4.xml · derivative · entry 1 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 631.59 Underlying: BMI Common Stock · 73.88 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her annual Audit and Compliance Committee Chair Fee in the amount of $9,000. The phantom stock units were computed at $121.82, the 3/31/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:14 UTC |
Brooks Henry FDirector
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026593 · doc4.xml · nonDerivative · entry 1 Brooks Henry F · CIK 0001880039 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,339 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:14 UTC |
Cook Melanie K.Director
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026591 · doc4.xml · nonDerivative · entry 1 Cook Melanie K. · CIK 0001914165 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,339 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:12 UTC |
Myers Tessa M.Director
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026589 · doc4.xml · nonDerivative · entry 1 Myers Tessa M. · CIK 0001769006 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,015 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:13 UTC |
McGill James WDirector
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026590 · doc4.xml · nonDerivative · entry 1 McGill James W · CIK 0001299345 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 2,995 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:11 UTC |
STERN JAMES FDirector
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026587 · doc4.xml · nonDerivative · entry 1 STERN JAMES F · CIK 0001399737 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,653 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:10 UTC |
TELLOCK GLEN EDirector
|
GrantCommon Stock | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026584 · doc4.xml · nonDerivative · entry 1 TELLOCK GLEN E · CIK 0001205092 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,653 F1 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:09 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 572 | $136.55 | $78,106.60 |
DisclosureSEC source: 0001209191-23-026580 · doc4.xml · derivative · entry 2 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,611.483 Underlying: BMI Common Stock · 572 shares Expires not disclosed F1 · derivative.exercise_price: 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. F3 · kind: 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 $75,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| May 01, 2023 Filed May 2, 2023 21:09 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 49.25 | $121.82 | $5,999.64 |
DisclosureSEC source: 0001209191-23-026580 · doc4.xml · derivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 13,039.483 Underlying: BMI Common Stock · 49.25 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his annual Compensation Committee Chair fee in the amount of $6,000. The phantom stock units were computed at $121.82, the 3/31/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| April 03, 2023 Filed Apr 3, 2023 22:33 UTC |
ADAMS TODD A.Director
|
GrantPhantom Stock Units · Derivative | 123.13 | $121.82 | $14,999.70 |
DisclosureSEC source: 0001209191-23-022359 · doc4.xml · derivative · entry 1 ADAMS TODD A. · CIK 0001525211 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 12,990.233 Underlying: BMI Common Stock · 123.13 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2023 Quarter 2 retainer paid to non-employee directors in the amount of $15,000. The phantom stock units were computed at $121.82, the 3/31/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| April 03, 2023 Filed Apr 3, 2023 22:33 UTC |
Liu XiaDirector
|
GrantPhantom Stock Units · Derivative | 123.13 | $121.82 | $14,999.70 |
DisclosureSEC source: 0001209191-23-022358 · doc4.xml · derivative · entry 1 Liu Xia · CIK 0001644492 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 557.71 Underlying: BMI Common Stock · 123.13 shares Expires not disclosed F1 · derivative.exercise_price: 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 · kind: The phantom stock units were accrued in Ms. Liu's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for her 2023 Quarter 2 retainer paid to non-employee directors in the amount of $15,000. The phantom stock units were computed at $121.82, the 3/31/2023 closing price of the Company's stock, as required by the plan. F1 · derivative.exercise_date: 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. F1 · derivative.expiration_date: 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. Read SEC document |
| March 07, 2023 Filed Mar 7, 2023 23:11 UTC |
Bockhorst KennethDirector · Chairman, President & CEO
|
Tax withholdingCommon Stock | 2,386 | $117.89 | $281,285.54 |
DisclosureSEC source: 0001209191-23-016942 · doc4.xml · nonDerivative · entry 1 Bockhorst Kenneth · CIK 0001672279 · Director · Chairman, President & CEO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,342 F1 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $117.60 to $118.33. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 07, 2023 Filed Mar 7, 2023 23:10 UTC |
Begale Fred JVP-Engineering
|
SaleCommon Stock | 470 | $117.89 | $55,408.30 |
DisclosureSEC source: 0001209191-23-016941 · doc4.xml · nonDerivative · entry 1 Begale Fred J · CIK 0001462630 · VP-Engineering 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,393 F1 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $117.60 to $118.33. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 07, 2023 Filed Mar 7, 2023 23:09 UTC |
Stoll Kimberly KVP-Sales & Marketing
|
SaleCommon Stock | 635 | $117.89 | $74,860.15 |
DisclosureSEC source: 0001209191-23-016940 · doc4.xml · nonDerivative · entry 1 Stoll Kimberly K · CIK 0001462632 · VP-Sales & Marketing 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,033.002 F1 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $117.60 to $118.33. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 06, 2023 Filed Mar 7, 2023 01:02 UTC |
Bockhorst KennethDirector · Chairman, President & CEO
|
Tax withholdingCommon Stock | 1,280 | $119.73 | $153,254.40 |
DisclosureSEC source: 0001209191-23-016542 · doc4.xml · nonDerivative · entry 2 Bockhorst Kenneth · CIK 0001672279 · Director · Chairman, President & CEO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 35,728 F2 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $119.00 to $122.11. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 06, 2023 Filed Mar 7, 2023 01:01 UTC |
Begale Fred JVP-Engineering
|
SaleCommon Stock | 385 | $119.73 | $46,096.05 |
DisclosureSEC source: 0001209191-23-016541 · doc4.xml · nonDerivative · entry 2 Begale Fred J · CIK 0001462630 · VP-Engineering 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,863 F2 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $119.00 to $122.11. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 06, 2023 Filed Mar 7, 2023 01:00 UTC |
Stoll Kimberly KVP-Sales & Marketing
|
SaleCommon Stock | 475 | $119.73 | $56,871.75 |
DisclosureSEC source: 0001209191-23-016540 · doc4.xml · nonDerivative · entry 2 Stoll Kimberly K · CIK 0001462632 · VP-Sales & Marketing 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,668.002 F2 · price: The price in Column 4 is a weighted average price. Prices actually received ranged from $119.00 to $122.11. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4. Read SEC document |
| March 03, 2023 Filed Mar 7, 2023 01:02 UTC |
Bockhorst KennethDirector · Chairman, President & CEO
|
GrantCommon Stock | 4,757 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-016542 · doc4.xml · nonDerivative · entry 1 Bockhorst Kenneth · CIK 0001672279 · Director · Chairman, President & CEO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,008 F1 · price: Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant. Read SEC document |
| March 03, 2023 Filed Mar 7, 2023 01:01 UTC |
Begale Fred JVP-Engineering
|
GrantCommon Stock | 625 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-016541 · doc4.xml · nonDerivative · entry 1 Begale Fred J · CIK 0001462630 · VP-Engineering 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,248 F1 · price: Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant. Read SEC document |
| March 03, 2023 Filed Mar 7, 2023 01:00 UTC |
Stoll Kimberly KVP-Sales & Marketing
|
GrantCommon Stock | 730 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-016540 · doc4.xml · nonDerivative · entry 1 Stoll Kimberly K · CIK 0001462632 · VP-Sales & Marketing 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,143.002 F1 · price: Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant. Read SEC document |
| March 03, 2023 Filed Mar 7, 2023 00:59 UTC |
Wrocklage RobertSVP-CFO
|
GrantCommon Stock | 1,877 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-016539 · doc4.xml · nonDerivative · entry 1 Wrocklage Robert · CIK 0001694589 · SVP-CFO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 13,355 F1 · price: Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant. Read SEC document |
| March 03, 2023 Filed Mar 7, 2023 00:58 UTC |
Weltzien Daniel RVP-Controller
|
GrantCommon Stock | 625 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001209191-23-016538 · doc4.xml · nonDerivative · entry 1 Weltzien Daniel R · CIK 0001762224 · VP-Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,089 F1 · price: Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.