Form 4 Filing for Liu Xia - BADGER METER INC

Liu Xia, a director at BADGER METER INC (BMI), acquired 128.05 phantom stock units on July 1, 2026. These units are economically equivalent to BMI Common Stock and will be payable in cash upon termination of service as a director. The acquisition, valued at $148.38 per unit, was part of Ms. Liu's Director Deferred Compensation Plan, reflecting her Q3 retainer. Following this transaction, Ms. Liu holds a total of 4652.757 phantom stock units. The transaction was filed on a Form 4, with the filing date of July 2, 2026.