Form 4: Belden CFO Parks Boosts Stake via Performance Awards
Insider Transaction Report
Belden Inc.'s EVP and CFO, Jeremy E. Parks, acquired 3,337 shares of common stock through performance-based vesting, while 784 shares were withheld for tax purposes.
Summary
- Jeremy E. Parks, EVP CFO of Belden Inc., reported changes in his beneficial ownership of common stock.
- On March 2, 2026, 784 shares were withheld for tax purposes related to the vesting of a restricted stock unit grant from February 26, 2025.
- On the same date, Parks acquired 3,337 shares as a supplemental distribution from the Company's Stretch Achievement Share Award program.
- This supplemental distribution was based on company performance from 2022 through 2024 and the achievement of an adjusted earnings per share (EPS) goal of $7.54 in 2025.
- Following these transactions, Parks directly owns 47,150 shares of common stock and indirectly owns 582.1263 shares through a 401(k) Plan.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this filing positively as it reflects an executive increasing their direct ownership through performance-based awards, indicating successful achievement of company goals and aligning management interests with shareholders.
Positives
- Acquisition of 3,337 shares of common stock through a performance-based award program.
- The award was triggered by strong company performance from 2022-2024 and achieving a 2025 adjusted EPS goal of $7.54.
- Increased direct beneficial ownership to 47,150 shares, signaling management confidence.
Negatives
- 784 shares were withheld for tax purposes, reducing the net shares received from vesting.
Future Outlook
The filing does not contain explicit forward-looking statements or guidance beyond the future transaction date of March 2, 2026, which relates to previously granted equity awards.
Industry Context
StockSavvy.ai notes that performance-based equity awards are a common practice in executive compensation across various industries, aligning management incentives with long-term shareholder value creation. The achievement of specific EPS goals, as seen here, is a standard metric used to determine such payouts.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Establishment | Jeremy E. Parks granted a Limited Power of Attorney to Brian E. Anderson and Elizabeth Schepers (and any duly appointed Corporate Secretary) for SEC reporting purposes, including filing Forms 3, 4, 5, and 144. | March 11, 2025 | Streamlines the process for timely and accurate SEC filings for the reporting person, ensuring compliance with Section 16(a) of the Exchange Act. |
Stakeholder Impact
- Shareholders: Increased insider ownership may signal confidence in the company's future performance.
- Management: Compensation structure effectively incentivizes performance against set financial goals.
Key Dates
| Date | Description |
|---|---|
| 2022 | Start of performance period for certain PSUs. |
| 2023 | Grant year for certain PSUs. |
| 2024 | End of performance period for certain PSUs. |
| March 11, 2025 | Date of Limited Power of Attorney for SEC reporting purposes. |
| February 26, 2025 | Grant date of restricted stock units. |
| 2025 | Year for adjusted EPS goal achievement ($7.54). |
| February 26, 2026 | Vesting date of restricted stock unit grant. |
| March 2, 2026 | Transaction date for shares withheld for tax and shares acquired from performance awards. |
Keywords
Belden Inc., BDC, Jeremy E. Parks, EVP CFO, Form 4, Insider Transaction, Stock Award, Restricted Stock Units, Performance Share Units, Equity Compensation, Executive Compensation, Share Ownership
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