Form 4: Belden Director Gregory McCray Receives Restricted Stock Grant Valued at $150,000

Belden Inc. Director Gregory James McCray was granted 1,385 shares of restricted common stock as part of the company's long-term incentive plan, aligning his interests with shareholder value.

Summary

• Gregory James McCray, a Director of Belden Inc. (BDC), was granted 1,385 shares of common stock on May 22, 2025.
• This grant was made under the Company's 2021 Long Term Incentive Plan.
• The value of the grant was $150,000, calculated based on the closing price of $108.27 per share on the grant date.
• The shares are restricted and are generally scheduled to vest one year after the award date, with provisions for accelerated vesting under specific circumstances such as death, disability, or retirement.
• Following this transaction, Mr. McCray's beneficial ownership of Belden Inc. common stock increased to 5,584 shares.
• A Limited Power of Attorney was executed on March 11, 2025, authorizing specific individuals to file SEC reports on behalf of Mr. McCray.

Sentiment

Score: 7

Explanation: The document reports a routine grant of restricted stock to a director, which is a positive action for aligning management and shareholder interests, without any negative implications disclosed.

Positives

• The grant of restricted stock to Director Gregory James McCray aligns his financial interests with the long-term performance and shareholder value of Belden Inc.
• The transaction is part of the company's established 2021 Long Term Incentive Plan, indicating a structured and transparent approach to executive and director compensation.

Risks

• The restricted shares are subject to forfeiture if the vesting conditions, typically continued service for one year, are not met, although accelerated vesting is possible under specific circumstances like death, disability, or retirement.
• The ultimate value of the granted shares to the director is subject to the future market price fluctuations of Belden Inc.'s common stock.

Future Outlook

The restricted shares granted to Gregory J. McCray are generally expected to vest one year after the award date of May 22, 2025, contingent upon meeting the specified conditions.

Management Comments

• "Grant of Restricted Stock under the Company's 2021 Long Term Incentive Plan."
• "Based on value of $150,000 divided by the closing price on the grant date, May 22, 2025 ($108.27)."
• "The restrictions associated with the shares are generally removed one year after the date of award, but are subject to accelerated removal under certain circumstances, including death, disability and retirement."

Industry Context

This filing details a routine equity compensation grant to a director, which is a common practice across various industries to incentivize long-term performance and align management interests with shareholders. It does not provide specific industry-wide trends or competitive analysis.

Comparison to Industry Standards

• The grant of restricted stock as part of a long-term incentive plan is a standard practice for director compensation in publicly traded companies globally.
• This method is widely used to align the interests of directors with those of shareholders by tying a portion of their compensation to the company's stock performance and long-term success.
• Specific comparable companies or projects are not mentioned in the document, but this type of compensation structure is prevalent across sectors, including manufacturing and technology companies like Belden Inc.

Corporate Governance

Related Party Transactions

• The grant of 1,385 shares of restricted common stock to Gregory J. McCray, a director of Belden Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While not directly impacted by this specific director grant, the existence of a long-term incentive plan may be part of a broader compensation philosophy that could influence overall employee retention and motivation.

Next Steps

• The 1,385 restricted shares granted to Gregory J. McCray are generally expected to vest one year after the grant date of May 22, 2025.

Key Dates

Keywords

Belden Inc., BDC, SEC Form 4, insider transaction, director compensation, restricted stock, equity grant, long-term incentive plan, corporate governance