Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-31

Badger Meter (BMI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,932,862
Kenneth Bockhorst total, FY2025
56th
CEO pay percentile vs peers
126:1
CEO-to-median pay ratio
94.04%
Say-on-pay support, latest vote
Companies that benchmark against BMI
13 companies name BMI as a compensation peer

Each company listed discloses BMI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BMI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kenneth Bockhorst$880,000$1,740,464$3,042,144$0$182,171$88,083$5,932,862
Chairman, President & CEO
Robert Wrocklage500,0000709,5860629,30055,36458,1441,952,394
Senior Vice President - Chief Financial Officer
Sheryl Hopkins360,000323,640228,187023,17349,668984,668
Vice President - Human Resources
Kimberly Stoll325,000262,958228,187020,46853,430890,043
Vice President - Sales and Marketing
William Bergum300,000269,700228,187017,81152,078867,776
Vice President - General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Kenneth Bockhorst$5,932,862$4,544,288
Robert Wrocklage1,952,3941,469,445
Sheryl Hopkins984,668715,388
Kimberly Stoll890,043760,197
William Bergum867,776

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Todd A. AdamsDirector2026-04-01A124.71$152$19,000Derivative, Class A CommonForm 4 ↗
Xia LiuDirector2026-04-01A124.7115219,000Derivative, Class A CommonForm 4 ↗
Edward F. CallahanVP-Engineering2026-04-21A85811699,785CommonForm 4 ↗
Christina M. TarantinoVP-Controller2026-04-21A87011499,006CommonForm 4 ↗
William BergumVP-Gen. Counsel and Secretary2026-04-21A1,413.76124175,000CommonForm 4 ↗
Kenneth BockhorstDirector2026-04-21A2,200118258,573CommonForm 4 ↗
Richard HtweVP-Global Operations2026-04-21A1,700116197,421CommonForm 4 ↗
Robert WrocklageEVP-N.A. Muncipal Utility2026-04-23A1,000122122,350CommonForm 4 ↗
Tessa M. MyersDirector2026-04-27A952123117,058CommonForm 4 ↗
James F. SternDirector2026-04-27A952123117,058CommonForm 4 ↗
Melanie K. CookDirector2026-04-27A952123117,058CommonForm 4 ↗
Xia LiuDirector2026-04-27A952123117,058Derivative, Class A CommonForm 4 ↗
Glen E. TellockDirector2026-04-27A952123117,058CommonForm 4 ↗
Todd A. AdamsDirector2026-04-27A952123117,058Derivative, Class A CommonForm 4 ↗
James W. McGillDirector2026-04-27A952123117,058CommonForm 4 ↗
Henry F. BrooksDirector2026-04-27A952123117,058CommonForm 4 ↗
Xia LiuDirector2026-05-01A131.2815220,001Derivative, Class A CommonForm 4 ↗
Todd A. AdamsDirector2026-07-01A128.0514819,000Derivative, Class A CommonForm 4 ↗
Xia LiuDirector2026-07-01A128.0514819,000Derivative, Class A CommonForm 4 ↗
Edward F. CallahanVP-Engineering2026-07-30A751135101,572CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sheryl HopkinsRSU2025-03-07430$91,190
Robert WrocklagePSU2025-03-071,0042,0084,016425,836
Sheryl HopkinsPSU2025-03-073236461,292136,997
Kimberly StollRSU2025-03-0743091,190
Kimberly StollPSU2025-03-073236461,292136,997
Kenneth BockhorstRSU2025-03-072,869608,429
Robert WrocklageRSU2025-03-071,338283,750
William BergumPSU2025-03-07323430646136,997
Kenneth BockhorstPSU2025-03-075,73811,47622,9522,433,715
William BergumRSU2025-03-0732343064691,190
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sheryl Hopkins$91,190$136,997$060.0%
Robert Wrocklage283,750425,836060.0%
Kimberly Stoll91,190136,997060.0%
Kenneth Bockhorst608,4292,433,715080.0%
William Bergum91,190136,997060.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kenneth BockhorstRSU3,040$530,206
Kimberly StollRSU921160,632
Sheryl HopkinsPSU4,019700,893
Kenneth BockhorstPSU12,4382,169,240
Kimberly StollPSU3,741652,384
Robert WrocklagePSU4,009699,128
Robert WrocklageRSU978170,573
Sheryl HopkinsRSU970169,178
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract and retain qualified executive officers, as well as motivate and reward individual and company performance. The Compensation Committee seeks to maintain a fair and market competitive compensation structure for our executive officers.

CEO STI target (% of salary)110%
CEO LTI target (% of salary)
Independent consultantWillis Towers Watson PLC and Zayla
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2422,296,3181,414,09846,78894.04%Passed
20252025-04-2522,090,2721,917,16871,90292.01%Passed
20242024-04-2623,045,5661,993,12173,89392.04%Passed
20232023-04-2823,352,5451,356,626473,67794.51%Passed
20222022-04-2923,062,3051,107,281905,35195.42%Passed
20212021-04-3023,575,7651,528,779212,21393.91%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2494.04%a
20252025-04-2592.01%b
20242024-04-2692.04%c

a. Approved under the standard stated in the filing — “The advisory vote to approve compensation of NEOs will be approved if the votes "FOR" exceed the votes "AGAINST." Abstentions will have no effect on this Proposal.”.

b. Approved under the standard stated in the filing — “The advisory vote to approve compensation of NEOs will be approved if the votes "FOR" exceed the votes "AGAINST." Abstentions will have no effect on this Proposal.”.

c. Approved under the standard stated in the filing — “The advisory vote to approve compensation of NEOs will be approved if the votes "FOR" exceed the votes "AGAINST." Abstentions will have no effect on this Proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)126 : 1
CEO total compensation$5,932,862
Median employee compensation$46,904
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Glen E. TellockIndependent · Lead Independent Director · Corporate Governance and Sustainability (Chair) · Compensation and Human Resources$85,000$106,595$0$0$0$191,595
Xia LiuIndependent · Audit and Compliance (Chair)79,000106,595000185,595
Todd A. AdamsIndependent · Compensation and Human Resources74,000106,595000180,595
James W. McGillIndependent · Compensation and Human Resources (Chair) · Corporate Governance and Sustainability74,000106,595000180,595
James F. SternIndependent · Audit and Compliance · Corporate Governance and Sustainability64,000106,595000170,595
Henry F. BrooksIndependent · Compensation and Human Resources64,000106,595000170,595
Tessa M. MyersIndependent · Audit and Compliance · Corporate Governance and Sustainability64,000106,595000170,595
Melanie K. CookIndependent · Audit and Compliance64,000106,595000170,595
Kenneth C. BockhorstEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$64,000
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 6,000
Stock ownership guideline$256,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$568,000
Equity awards (grant-date value)$852,760
All other compensation$0
Total cost of the board$1,420,760

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Badger Meter names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Badger Meter.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Zurn Elkay Water Solutions2025Todd Adams$1,005,000$8,000,010$0$1,852,969$11,603,760
2Itron, Inc.2025Thomas Deitrich1,000,0008,900,72001,291,83511,208,405
3Watts Water Technologies, Inc.2025Robert Pagano, Jr.1,175,3855,920,23802,709,00010,423,317
4Brady Corporation2025R.R Shaller996,0584,990,20801,373,4147,597,366
5Mirion Technologies, Inc.2025Thomas Logan818,7505,099,99001,074,5167,035,470
6Mueller Water Products, Inc.2025Marietta Edmunds Zakas931,3272,970,915849,9772,038,6766,855,283
7Enerpac Tool Group2025Paul Sternlieb929,4234,520,6340951,3326,548,272
8Badger Meter2025Kenneth Bockhorst880,0003,042,14405,932,862
9ESCO Technologies, Inc.2025Bryan Sayler830,5003,052,88601,661,0005,586,139
10Kadant, Inc.2025Jeffrey Powell970,9003,036,18101,491,8005,519,261
11Strattec Security Corporation2025Jennifer Slater650,0002,804,24801,300,0005,352,066
12Standex International Corporation2025David Dunbar936,4363,553,5480339,2245,117,281
13Lindsay Corporation2025Randy Wood837,7442,375,165749,9691,117,6985,095,625
14CTS Corporation2025Kieran O'Sullivan856,3202,900,0490975,7804,758,899
15Helios Technologies, Inc.2025Sean Bagan713,461692,972705,015987,0003,383,351
16Douglas Dynamics, Inc.2025Mark Van Genderen651,4211,110,23901,219,6113,008,565
17The Gorman-Rupp Company2025Scott King717,500750,000002,187,652

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Badger Meter179.8%PSU 80 · RSU 20NoWillis Towers Watson PLC and Zayla
Brady Corporationnot disclosednot disclosednot disclosednot disclosed
CTS Corporation112.8%not disclosedYes — Relative Total Shareholder Return (RTSR) ModifierExequity, LLP
Douglas Dynamics, Inc.174.2%PSU 50 · RSU 50Yes — Relative TSRFrederic W. Cook & Co, Inc.
Enerpac Tool Group100.7%PSU 60 · RSU 40NoMercer, LLC
ESCO Technologies, Inc.200%PSU 70 · RSU 30NoPay Governance LLC
Helios Technologies, Inc.140%RSU 50 · Options 50NoMercer
Itron, Inc.105.9%PSU 67 · RSU 33Yes — Relative TSRFW Cook
Kadant, Inc.148%PSU 80 · RSU 20NoWillis Towers Watson
Lindsay Corporation132%PSU 50 · RSU 25 · Options 25YesMeridian Compensation Partners, LLC
Mirion Technologies, Inc.108.54%PSU 100Yes — Relative TSRWillis Towers Watson (WTW) through April 2025; Compensia from April 2025 forward
Mueller Water Products, Inc.199%PSU 50 · RSU 25 · Options 25Yes — relative total shareholder return (rTSR)Farient Advisors, LLC
Standex International Corporation69.0%PSU 60 · RSU 40Yes — Relative TSRIndependent compensation consultant
Strattec Security Corporation200%RSU 50 · PSU 50NoPay Governance
The Gorman-Rupp Companynot disclosedPSU 60 · RSU 40NoSemler Brossy Consulting Group
Watts Water Technologies, Inc.180.6%PSU 50 · RSU 50NoPearl Meyer
Zurn Elkay Water Solutions147%PSU 100NoWillis Towers Watson

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Kenneth BockhorstDEF 14A2026-03-130001193125-26-106185Section “Summary Compensation Table for 2025 (all amounts in $)”. As printed: 5,932,862. Filing ↗machine: r3 · c18 · span 521750–521759
2Section 01, Robert WrocklageDEF 14A2026-03-130001193125-26-106185Section “Summary Compensation Table for 2025 (all amounts in $)”. As printed: 1,952,394. Filing ↗machine: r7 · c18 · span 550312–550321
3Section 01, Sheryl HopkinsDEF 14A2026-03-130001193125-26-106185Section “Summary Compensation Table for 2025 (all amounts in $)”. As printed: 984,668. Filing ↗machine: r11 · c18 · span 578881–578888
4Section 01, Kimberly StollDEF 14A2026-03-130001193125-26-106185Section “Summary Compensation Table for 2025 (all amounts in $)”. As printed: 890,043. Filing ↗machine: r15 · c18 · span 607428–607435
5Section 01, William BergumDEF 14A2026-03-130001193125-26-106185Section “Summary Compensation Table for 2025 (all amounts in $)”. As printed: 867,776. Filing ↗machine: r19 · c18 · span 635982–635989
6Section 03, Sheryl Hopkins RSUDEF 14A0001193125-26-106185Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Robert Wrocklage PSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: t16 · r7 · c29 · span 735520–735527
8Section 03, Sheryl Hopkins PSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: t16 · r10 · c29 · span 770497–770504
9Section 03, Kimberly Stoll RSUDEF 14A2026-03-130001193125-26-106185Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t15 · r15 · c15 · span 606293–606296
10Section 03, Kimberly Stoll PSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: t16 · r13 · c29 · span 805473–805480
11Section 03, Kenneth Bockhorst RSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Robert Wrocklage RSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, William Bergum PSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t16 · r16 · c29 · span 840452–840459
14Section 03, Kenneth Bockhorst PSUDEF 14A2026-03-130001193125-26-106185Section “Grants of Plan-Based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: t16 · r4 · c29 · span 700530–700539
15Section 03, William Bergum RSUDEF 14A0001193125-26-106185Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t16 · r16 · c14 · span 834786–834789
16Section 07, pay ratioDEF 14A2026-03-130001193125-26-106185Section “CEO Pay Ratio”. As printed: 126 : 1. Filing ↗machine: span 1312790–1312799
17Section 08, Glen E. TellockDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 191,595. Filing ↗machine: t23 · r9 · c11 · span 1288685–1288692
18Section 08, Xia LiuDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 185,595. Filing ↗machine: t23 · r5 · c11 · span 1268375–1268382
19Section 08, Todd A. AdamsDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 180,595. Filing ↗machine: t23 · r2 · c11 · span 1253149–1253156
20Section 08, James W. McGillDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 180,595. Filing ↗machine: t23 · r6 · c11 · span 1273453–1273460
21Section 08, James F. SternDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 170,595. Filing ↗machine: t23 · r8 · c11 · span 1283607–1283614
22Section 08, Henry F. BrooksDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 170,595. Filing ↗machine: t23 · r3 · c11 · span 1258227–1258234
23Section 08, Tessa M. MyersDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 170,595. Filing ↗machine: t23 · r7 · c11 · span 1278530–1278537
24Section 08, Melanie K. CookDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 170,595. Filing ↗machine: t23 · r4 · c11 · span 1263305–1263312
25Section 08, Kenneth C. BockhorstDEF 14A2026-03-130001193125-26-106185Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Todd A. Adams 2026-04-01Form 42026-04-020001193125-26-140674Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Xia Liu 2026-04-01Form 42026-04-020001193125-26-140675Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Edward F. Callahan 2026-04-21Form 42026-04-220001193125-26-169262Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Christina M. Tarantino 2026-04-21Form 42026-04-220001193125-26-169263Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, William Bergum 2026-04-21Form 42026-04-230001193125-26-173664Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Kenneth Bockhorst 2026-04-21Form 42026-04-210001193125-26-166603Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Richard Htwe 2026-04-21Form 42026-04-220001193125-26-169265Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Robert Wrocklage 2026-04-23Form 42026-04-230001193125-26-173658Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Tessa M. Myers 2026-04-27Form 42026-04-290001193125-26-191094Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, James F. Stern 2026-04-27Form 42026-04-290001193125-26-191091Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Melanie K. Cook 2026-04-27Form 42026-04-290001193125-26-191097Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Xia Liu 2026-04-27Form 42026-04-290001193125-26-191096Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Glen E. Tellock 2026-04-27Form 42026-04-290001193125-26-191093Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Todd A. Adams 2026-04-27Form 42026-04-290001193125-26-191090Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, James W. McGill 2026-04-27Form 42026-04-290001193125-26-191095Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Henry F. Brooks 2026-04-27Form 42026-04-290001193125-26-191092Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Xia Liu 2026-05-01Form 42026-05-040001193125-26-203999Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Todd A. Adams 2026-07-01Form 42026-07-020001193125-26-295050Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Xia Liu 2026-07-01Form 42026-07-020001193125-26-295049Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Edward F. Callahan 2026-07-30Form 42026-07-310001193125-26-328240Insider equity transaction reported since the proxy statement. Filing ↗
46Section 06, 2026 voteForm 8-K2026-04-280001193125-26-187791Item 5.07 · say-on-pay result. As reported: 94.04% (votes for as printed: 22,296,318). Filing ↗
47Section 06, 2025 voteForm 8-K2025-04-290000950170-25-060199Item 5.07 · say-on-pay result. As reported: 92.01% (votes for as printed: 22,090,272). Filing ↗
48Section 06, 2024 voteForm 8-K2024-04-300000950170-24-050637Item 5.07 · say-on-pay result. As reported: 92.04% (votes for as printed: 23,045,566). Filing ↗
49Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
50Section 09b board cost (computed)ComputedcomputedCash 568,000 + equity 852,760 + all other 0 = 1,420,760, summed across the director compensation table rows.machine: formula: Σ = 1,420,760
51Zurn Elkay Water Solutions, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104339CEO total compensation as printed in Zurn Elkay Water Solutions's own proxy. As printed: 11,603,760. Filing ↗machine: r4 · c44 · span 590719–590729
52Itron, Inc., Section 10b CEO totalDEF 14A2026-03-230001140361-26-010703CEO total compensation as printed in Itron, Inc.'s own proxy. As printed: 11,208,405. Filing ↗machine: r4 · c22 · span 1165912–1165922
53Watts Water Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038336CEO total compensation as printed in Watts Water Technologies, Inc.'s own proxy. As printed: 10,423,317. Filing ↗machine: t44 · r1 · c41 · span 907085–907095
54Brady Corporation, Section 10b CEO total10-K2025-09-040000746598-25-000045CEO total compensation as printed in Brady Corporation's own proxy. As printed: 7,597,366. Filing ↗machine: t77 · r2 · c29 · span 2020162–2020171
55Mirion Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-010001628280-26-022786CEO total compensation as printed in Mirion Technologies, Inc.'s own proxy. As printed: 7,035,470. Filing ↗machine: t126 · r2 · c20 · span 811089–811098
56Mueller Water Products, Inc., Section 10b CEO totalDEF 14A2025-12-190001350593-25-000069CEO total compensation as printed in Mueller Water Products, Inc.'s own proxy. As printed: 6,855,283. Filing ↗machine: t85 · r2 · c8 · span 974013–974022
57Enerpac Tool Group, Section 10b CEO totalDEF 14A2025-12-220001140361-25-046276CEO total compensation as printed in Enerpac Tool Group's own proxy. As printed: 6,548,272. Filing ↗machine: t136 · r2 · c24 · span 758100–758109
58Badger Meter (subject), Section 10b CEO totalDEF 14A2026-03-130001193125-26-106185CEO total compensation as printed in Badger Meter's own proxy. As printed: 5,932,862. Filing ↗machine: r3 · c18 · span 521750–521759
59ESCO Technologies, Inc., Section 10b CEO totalDEF 14A2025-12-100001104659-25-119876CEO total compensation as printed in ESCO Technologies, Inc.'s own proxy. As printed: 5,586,139. Filing ↗machine: t222 · r4 · c8 · span 656741–656751
60Kadant, Inc., Section 10b CEO totalDEF 14A2026-04-010000886346-26-000027CEO total compensation as printed in Kadant, Inc.'s own proxy. As printed: 5,519,261. Filing ↗machine: t17 · r2 · c18 · span 358569–358578
61Strattec Security Corporation, Section 10b CEO totalDEF 14A2025-09-110000950170-25-114215CEO total compensation as printed in Strattec Security Corporation's own proxy. As printed: 5,352,066. Filing ↗machine: t52 · r5 · c31 · span 1334968–1334977
62Standex International Corporation, Section 10b CEO totalDEF 14A2025-09-050001437749-25-028442CEO total compensation as printed in Standex International Corporation's own proxy. As printed: 5,117,281. Filing ↗machine: t217 · r1 · c28 · span 1012679–1012688
63Lindsay Corporation, Section 10b CEO totalDEF 14A2025-11-210001193125-25-290521CEO total compensation as printed in Lindsay Corporation's own proxy. As printed: 5,095,625. Filing ↗machine: r3 · c26 · span 632813–632822
64CTS Corporation, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140010CEO total compensation as printed in CTS Corporation's own proxy. As printed: 4,758,899. Filing ↗
65Helios Technologies, Inc., Section 10b CEO totalDEF 14A2026-05-040001193125-26-204115CEO total compensation as printed in Helios Technologies, Inc.'s own proxy. As printed: 3,383,351. Filing ↗machine: r2 · c31 · span 1486387–1486396
66Douglas Dynamics, Inc., Section 10b CEO totalDEF 14A2026-03-200001437749-26-009126CEO total compensation as printed in Douglas Dynamics, Inc.'s own proxy. As printed: 3,008,565. Filing ↗machine: t83 · r2 · c29 · span 498646–498655
67The Gorman-Rupp Company, Section 10b CEO totalDEF 14A2026-03-230001193125-26-118757CEO total compensation as printed in The Gorman-Rupp Company's own proxy. As printed: 2,187,652. Filing ↗machine: r4 · c31 · span 557814–557823
68Section 10a, Watts Water Technologies, Inc. reciprocityDEF 14A0001104659-26-038336Watts Water Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
69Section 10a, Lindsay Corporation reciprocityDEF 14A0001193125-25-290521Lindsay Corporation's most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
70Section 10a, Kadant, Inc. reciprocityDEF 14A0000886346-26-000027Kadant, Inc.'s most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
71Section 10a, Mirion Technologies, Inc. reciprocityDEF 14A0001628280-26-022786Mirion Technologies, Inc. names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Mueller Water Products, Inc. reciprocityDEF 14A0001350593-25-000069Mueller Water Products, Inc. names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Helios Technologies, Inc. reciprocityDEF 14A0001193125-26-204115Helios Technologies, Inc. names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
74Section 10a, Zurn Elkay Water Solutions reciprocityDEF 14A0001193125-26-104339Zurn Elkay Water Solutions names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, Itron, Inc. reciprocityDEF 14A0001140361-26-010703Itron, Inc.'s most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
76Section 10a, CTS Corporation reciprocityDEF 14A0001193125-26-140010CTS Corporation names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Douglas Dynamics, Inc. reciprocityDEF 14A0001437749-26-009126Douglas Dynamics, Inc.'s most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
78Section 10a, Strattec Security Corporation reciprocityDEF 14A0000950170-25-114215Strattec Security Corporation's most recent proxy was read; its disclosed peer group does not include Badger Meter. Filing ↗
79Section 10a, ESCO Technologies, Inc. reciprocityDEF 14A0001104659-25-119876ESCO Technologies, Inc. names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, The Gorman-Rupp Company reciprocityDEF 14A0001193125-26-118757The Gorman-Rupp Company names Badger Meter in its own disclosed peer group (read from its most recent proxy). Filing ↗