Form 4: Belden Director Jonathan Klein Receives Restricted Stock Grant Valued at $150,000

Belden Inc. Director Jonathan C. Klein was granted 1,385 shares of restricted common stock valued at $150,000 as part of the company's 2021 Long Term Incentive Plan.

Summary

• Jonathan C. Klein, a Director of Belden Inc. (BDC), acquired 1,385 shares of common stock on May 22, 2025, through a grant of restricted stock.
• The shares were granted at a price of $0 per share, based on a total value of $150,000 divided by the closing price of $108.27 on the grant date.
• This grant was made under the Company's 2021 Long Term Incentive Plan.
• Following this transaction, Mr. Klein directly beneficially owns 11,353 shares of Belden Inc. common stock.
• The restrictions associated with these shares are generally removed one year after the award date, with accelerated removal possible under certain circumstances such as death, disability, or retirement.

Sentiment

Score: 7

Explanation: The document reports a routine insider transaction (restricted stock grant) which is a positive for the director as compensation and generally neutral to slightly positive for the company as it aligns interests. There are no negative financial implications or significant risks disclosed beyond standard compliance reminders.

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.
• This transaction is part of a standard long-term incentive plan, indicating a structured approach to executive and director compensation.

Risks

• The Limited Power of Attorney document explicitly states that it does not relieve the undersigned (Jonathan C. Klein) from responsibility for compliance with obligations under the Securities Exchange Act of 1934 or the Securities Act of 1933, including reporting requirements under Section 16 of the Exchange Act. This highlights the ongoing personal compliance responsibility of the director.

Future Outlook

The restricted shares granted to Jonathan C. Klein are generally expected to vest one year after the award date, with provisions for accelerated vesting under specific conditions such as death, disability, or retirement.

Industry Context

The grant of restricted stock to a director is a common practice in publicly traded companies as a form of non-cash compensation, designed to incentivize long-term commitment and align the interests of the board with shareholders. This aligns with standard corporate governance and compensation practices across various industries.

Corporate Governance

Related Party Transactions

• The grant of 1,385 shares of restricted common stock to Jonathan C. Klein, a Director of Belden Inc., constitutes a related party transaction as it involves compensation provided by the company to an insider.

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 decision-making.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The restricted shares granted to Jonathan C. Klein are expected to vest approximately one year from the grant date of May 22, 2025.

Key Dates

Recommendation

Keywords

Belden Inc., BDC, Jonathan C. Klein, Restricted Stock, Stock Grant, Insider Transaction, Form 4, SEC Filing, Director Compensation, Long Term Incentive Plan