Form 4: Belden Director David J. Aldrich Receives Restricted Stock Grant Valued at $212,500

Belden Inc. Director David J. Aldrich was granted 1,963 shares of restricted common stock as part of the company's 2021 Long Term Incentive Plan, valued at approximately $212,500.

Summary

• Belden Inc. (BDC) Director David J. Aldrich acquired 1,963 shares of common stock on May 22, 2025, through a grant of restricted stock.
• The shares were granted under the Company's 2021 Long Term Incentive Plan at a price of $0 per share.
• The total value of the restricted stock grant is approximately $212,500, calculated based on the closing price of $108.27 per share on the grant date.
• Following this transaction, David J. Aldrich beneficially owns 55,359 shares of Belden Inc. common stock directly.
• The restrictions on these shares are generally removed one year after the award date, with accelerated removal possible under specific circumstances such as death, disability, or retirement.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it represents a routine equity grant to a director, aligning their interests with shareholders and indicating ongoing commitment to the company. There are no negative surprises or significant concerns raised by this filing.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The transaction is part of a pre-existing long-term incentive plan, indicating a structured approach to executive compensation.

Negatives

• The shares are restricted and not immediately liquid, meaning the director cannot sell them until the vesting conditions are met.

Risks

• The value of the granted shares is subject to market fluctuations, meaning the actual realized value upon vesting could be higher or lower than the grant date value.

Future Outlook

The restricted shares granted to David J. Aldrich are generally expected to vest and have their restrictions removed one year after the award date, subject to accelerated removal under specific conditions such as death, disability, or retirement.

Management Comments

• The filing was signed by Brian E. Anderson, attorney-in-fact for David J. Aldrich, indicating the use of a delegated authority for SEC reporting.
• David J. Aldrich acknowledged in the Limited Power of Attorney that the attorneys-in-fact are serving at his request and that the power of attorney does not relieve him of his responsibility for compliance with SEC reporting obligations.

Industry Context

This Form 4 filing details an individual director's equity compensation, which is a standard practice across industries to incentivize and retain key personnel by aligning their financial interests with the company's long-term performance. It does not provide broader industry trends or competitive insights.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to David J. Aldrich, a director of Belden Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director helps align management's long-term interests with those of the shareholders, potentially encouraging decisions that enhance shareholder value.
• Employees: While not directly impacting all employees, such compensation practices are part of the overall corporate governance and compensation structure.

Next Steps

• The restricted shares will generally vest one year after the grant date (May 22, 2025), at which point the restrictions will be removed.

Key Dates

Keywords

Belden Inc., BDC, Restricted Stock, Director Compensation, Insider Transaction, SEC Form 4, Equity Grant, Long Term Incentive Plan