Badger Meter Executive Compensation (FY25)

Name: Badger Meter (BMI) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

BMI · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): April 28, 2026

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

Badger Meter brief$1,500Get the executive brief

236 figures on this page: 225 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Chief executive, fiscal 2025

◇

Kenneth Bockhorst

Latest say-on-pay support

April 24, 2026

Chief executive pay ratio

◇

To the median employee

What changed from fiscal 2023 to fiscal 2025

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — Kenneth Bockhorst: $4,544,288 → $5,932,862 (30.6% higher)

Say-on-pay support: 92.0% → 94.0% (2.0 points higher)

CEO pay ratio: 125:1 → 126:1 (0.8% higher)

Frequently asked questions

Answers drawn from the data on this page.

Who is Badger Meter's chief executive and what were they paid?

Kenneth Bockhorst was paid $5,932,862 in total compensation as Chairman, President & CEO for fiscal 2025. Compared with the $4,544,288 reported for fiscal 2023, Bockhorst's total was 30.6% higher.

What was Badger Meter's say-on-pay result?

Shareholders supported the say-on-pay proposal with 94.0% of votes cast for or against in favor at the meeting held April 24, 2026 for fiscal 2025.

Which companies are in Badger Meter's peer group?

The disclosed peer group names Brady Corporation, CTS Corporation, Douglas Dynamics, Inc., Enerpac Tool Group and ESCO Technologies, Inc., among others.

What is Badger Meter's chief executive pay ratio?

The disclosed chief executive pay ratio for fiscal 2025 is 126:1, against median employee compensation of $46,904.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Kenneth Bockhorst Chairman, President and Chief Executive Officer	◇	◇	◇	—	◇	◇	◇	◇
Robert Wrocklage Senior Vice President – Chief Financial Officer	◇	◇	◇	—	◇	◇	◇	◇
Kimberly Stoll Vice President – Sales and Marketing	◇	◇	◇	—	◇	◇	◇	◇
William Bergum Vice President – General Counsel and Secretary	◇	◇	◇	—	◇	◇	◇	◇
Karen Bauer Vice President - Investor Relations, Corporate Strategy and Treasurer	◇	◇	◇	—	◇	◇	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Kenneth Bockhorst Chairman, President & CEO	◇	—	◇	—	◇	◇	◇	◇
Robert Wrocklage Senior Vice President - Chief Financial Officer	◇	—	◇	—	◇	◇	◇	◇
Richard Htwe Vice President - Global Operations	◇	◇	◇	—	◇	—	◇	◇
Kimberly Stoll Vice President - Sales and Marketing	◇	—	◇	—	◇	◇	◇	◇
Sheryl Hopkins Vice President - Human Resources	◇	—	◇	—	◇	◇	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Kenneth Bockhorst Chairman, President & CEO	◇	◇	◇	—	—	◇	◇	◇
Robert Wrocklage Senior Vice President - Chief Financial Officer	◇	—	◇	—	◇	◇	◇	◇
Sheryl Hopkins Vice President - Human Resources	◇	◇	◇	—	—	◇	◇	◇
Kimberly Stoll Vice President - Sales and Marketing	◇	◇	◇	—	—	◇	◇	◇
William Bergum Vice President - General Counsel	◇	◇	◇	—	—	◇	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Kenneth C. Bockhorst	PSU	◇	◇	◇	—	◇	—	◇
Kenneth C. Bockhorst	RSU	◇	—	—	◇	—	—	◇
Kimberly K. Stoll	PSU	◇	◇	◇	—	◇	—	◇
Kimberly K. Stoll	RSU	◇	—	—	◇	—	—	◇
Robert A. Wrocklage	RSU	◇	—	—	◇	—	—	◇
Robert A. Wrocklage	PSU	◇	◇	◇	—	◇	—	◇
Sheryl L. Hopkins	RSU	◇	—	—	◇	—	—	◇
Sheryl L. Hopkins	PSU	◇	◇	◇	—	◇	—	◇
William R. A. Bergum	RSU	◇	—	—	◇	—	—	◇
William R. A. Bergum	PSU	◇	—	◇	◇	◇	—	◇

Fiscal 2023 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Kenneth Bockhorst	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Kimberly Stoll	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Sheryl Hopkins	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Robert Wrocklage	PSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Kenneth Bockhorst

Chairman, President & CEO · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance cash amount	◇
Equity acceleration on change in control	◇

Kimberly Stoll

Vice President - Sales and Marketing · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance cash amount	◇
Equity acceleration on change in control	◇

Robert Wrocklage

Senior Vice President - Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Equity acceleration on change in control

◇

William Bergum

Vice President - General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance cash amount	◇
Equity acceleration on change in control	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Glen E. Tellock Lead independent director	◇	◇	—	—	—	—	◇
Xia Liu	◇	◇	—	—	—	—	◇
James W. McGill	◇	◇	—	—	—	—	◇
Todd A. Adams	◇	◇	—	—	—	—	◇
Tessa M. Myers	◇	◇	—	—	—	—	◇
Melanie K. Cook	◇	◇	—	—	—	—	◇
James F. Stern	◇	◇	—	—	—	—	◇
Henry F. Brooks	◇	◇	—	—	—	—	◇

Kenneth C. Bockhorst served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Lead independent director premium	◇
Audit committee chair	◇
Compensation committee chair	◇
Nominating and governance chair	◇

Equity is delivered as Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Brady Corporation BRC
CTS Corporation CTS
Douglas Dynamics, Inc. PLOW
Enerpac Tool Group EPAC
ESCO Technologies, Inc. ESE
Helios Technologies, Inc. HLIO
Itron, Inc. ITRI
Kadant, Inc. KAI
Lindsay Corporation LNN
Mirion Technologies, Inc. MIR
Mueller Water Products, Inc. MWA
Standex International Corporation SXI
Strattec Security Corporation STRT
The Gorman-Rupp Company GRC
Watts Water Technologies, Inc. WTS
Zurn Elkay Water Solutions ZWS

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	April 24, 2026	=	◇	◇	◇
2024	April 25, 2025	=	◇	◇	◇
2023	April 26, 2024	=	◇	◇	◇
2022	April 28, 2023	=	◇	◇	◇
2021	April 29, 2022	=	◇	◇	◇
2020	April 30, 2021	=	◇	◇	◇
2019	April 24, 2020	=	◇	◇	◇
2018	April 26, 2019	=	◇	◇	◇
2017	April 27, 2018	=	◇	◇	◇
2016	April 28, 2017	=	◇	◇	◇
2015	April 29, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Badger Meter disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Badger Meter sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $1,200

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

Velarion Intelligence

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

236 figures on this page: 225 cited to the filing that reported them, 11 calculated from figures it prints.

225 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed April 28, 2026
0001193125-26-187791
DEF 14A, filed March 13, 2026
0001193125-26-106185
CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation for 2025 ($) · and 5 more sections
8-K, filed April 29, 2025
0000950170-25-060199
8-K, filed April 30, 2024
0000950170-24-050637
DEF 14A, filed March 18, 2024
0000950170-24-032923
Summary Compensation Table for 2023 (all amounts in $)
8-K, filed May 1, 2023
0000950170-23-016323
DEF 14A, filed March 20, 2023
0000950170-23-008705
Summary Compensation Table
8-K, filed May 4, 2022
0000950170-22-007194
8-K, filed April 30, 2021
0001564590-21-022595
8-K, filed April 28, 2020
0001564590-20-019281
8-K, filed April 30, 2019
0001564590-19-014361
8-K, filed April 27, 2018
0001157523-18-000864
8-K, filed May 1, 2017
0001157523-17-001319
8-K, filed May 2, 2016
0001157523-16-005388

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Velarion, “Badger Meter executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BMI (accessed 2026).

Short form: data: Velarion

The Badger Meter brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Badger Meter discloses

The companies named in BMI's own disclosed peer group.

Brady Corporation CTS Corporation Douglas Dynamics, Inc.Enerpac Tool Group ESCO Technologies, Inc.Helios Technologies, Inc.Itron, Inc.Kadant, Inc.Lindsay Corporation Mirion Technologies, Inc.Mueller Water Products, Inc.Standex International Corporation Strattec Security Corporation The Gorman-Rupp Company Watts Water Technologies, Inc.Zurn Elkay Water Solutions

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}