Badger Meter (BMI) executive compensation, 2026 proxy

Kenneth C. Bockhorst, Chairman, President & CEO, was paid $5.9M in 2025, up 17% from $5.1M the year before. The CEO-to-median-employee pay ratio was 126:1, on median employee pay of $46,904.

Filed
March 13, 2026
Annual meeting
April 24, 2026
Pay year
2025
Named executives
5
CEO total pay
$5.9M+17% vs prior year
CEO to median employee
126:1median $46,904
CEO pay in equity
51%$3M in awards
Prior say-on-pay support
92%of votes cast
CEO Target Bonus
$968,000Target payout under annual bonus plan
Say-on-Pay Support
92%Approval at prior annual meeting
CEO Stock Awards
$3,042,144Grant date fair value
Median Employee Pay
$46,904Annual total compensation

How Bockhorst was paid

$5.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary15%Stock awards51%Non-equity incentive29%Pension and deferred comp3%All other compensation1%

Named executive officers

ExecutiveTotal
Kenneth C. BockhorstChairman, President & CEO$5,932,862
Robert A. WrocklageSenior Vice President - Chief Financial Officer$1,952,394
Sheryl L. HopkinsVice President - Human Resources$984,668
Kimberly K. StollVice President - Sales and Marketing$890,043
William R. A. BergumVice President - General Counsel$867,776

What changed and why

  • $5.9MCEO total compensation increased to $5,932,862 in 2025 from $5,084,577 in 2024.
  • 92%At the 2025 annual meeting, approximately 92% of shares voted approved executive compensation.
  • Annual incentive bonuses earned during 2025 were paid in February 2026.
  • Long-term incentives utilize a mix of restricted stock and performance share units.
  • Compensation is administered by the independent Compensation and Human Resources Committee.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.