Begale Fred J 4

What Happened Fred J. Begale, VP - Utility NPD at Badger Meter (BMI), had 36 shares withheld to cover tax liability related to an equity award/exercise. The shares were valued at $148.85 each, for a total of $5,359. This was a tax-withholding disposal (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-06; Filing date (Form 4): 2026-03-10 (timely filing).
• Price per share: $148.85; Shares involved: 36; Total value: $5,359.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed).
• Shares owned after transaction: Not specified on this Form 4.
• No 10b5-1 plan or late filing noted in this filing.

Context This action reflects a routine tax-withholding step following an option exercise or vesting event. Because shares were surrendered/withheld to cover taxes rather than sold on the open market, it is generally not treated as a directional signal about the insider’s view of the company.