BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

Note: Option positions (PUT/CALL) are excluded.

Q2 2025

Shares 165 Value ($000) $41 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 61 Value ($000) $12 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 51 Value ($000) $11 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 43 Value ($000) $9 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 35 Value ($000) $7 Avg Close $180.48 Range $149.35 - $200.63

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	165	$41	$225.32	$161.21 - $254.91
Q1 2025	61	$12	$207.21	$186.02 - $220.32
Q4 2024	51	$11	$215.93	$191.24 - $237.30
Q3 2024	43	$9	$198.39	$179.05 - $218.24
Q2 2024	35	$7	$180.48	$149.35 - $200.63