Form 4: Belden Director Judy L. Brown Receives Restricted Stock Grant Valued at $150,000

Belden Inc. Director Judy L. Brown was granted 1,385 shares of common stock as part of the company's 2021 Long Term Incentive Plan, aligning her interests with shareholders.

Summary

• Judy L. Brown, a Director of Belden Inc. (BDC), was granted 1,385 shares of the company's common stock on May 22, 2025.
• This grant was made under Belden's 2021 Long Term Incentive Plan.
• The value of the grant was $150,000, calculated based on the closing stock price of $108.27 per share on the grant date.
• The granted 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, Judy L. Brown's beneficial ownership of Belden Inc. common stock increased to 31,952 shares.
• A Limited Power of Attorney was executed by Judy L. Brown on March 11, 2025, authorizing Brian E. Anderson and Elizabeth Schepers to handle her SEC reporting obligations.

Sentiment

Score: 6

Explanation: The document reports a routine insider transaction (restricted stock grant) which is a positive for aligning director and shareholder interests, but it does not contain information that would significantly alter the company's financial outlook or operations.

Positives

• The grant of restricted stock to a director aligns their financial interests with those of shareholders, incentivizing long-term company performance and value creation.
• The transaction is part of an established 2021 Long Term Incentive Plan, indicating a structured and transparent approach to director compensation.

Risks

• The document itself does not detail specific business risks, but the general risk associated with equity compensation is potential dilution if not managed properly, though this specific grant is unlikely to have a material impact.
• The Power of Attorney highlights the ongoing compliance burden for insiders regarding SEC reporting requirements.

Future Outlook

The restricted shares granted on May 22, 2025, are generally expected to vest one year after the award date, with accelerated removal under specific circumstances such as death, disability, or retirement.

Industry Context

The grant of restricted stock to a director is a common practice in corporate governance across various industries, serving as a form of long-term incentive compensation that aligns the interests of directors with those of shareholders. This practice is standard for publicly traded companies like Belden Inc.

Comparison to Industry Standards

• Restricted stock grants are a widely accepted form of non-cash compensation for directors and executives in public companies, aligning their long-term interests with shareholder value creation.
• The vesting period of one year is a common structure for such grants, though longer periods or performance-based vesting are also prevalent depending on company-specific compensation philosophies and industry norms.
• Without specific compensation benchmarks for Belden's peer group or industry (e.g., industrial technology, networking solutions), a direct quantitative comparison of the grant size ($150,000) is not feasible from this document alone. However, the mechanism itself is standard.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to Judy L. Brown, a Director of Belden Inc., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's financial interests with long-term shareholder value creation, as the value of the shares is tied to the company's stock performance.

Next Steps

• The restricted shares granted to Judy L. Brown are expected to vest approximately one year from the grant date (May 22, 2025), subject to the terms of the 2021 Long Term Incentive Plan.

Key Dates

Keywords

Belden Inc., BDC, Form 4, insider transaction, restricted stock unit, RSU, director compensation, equity grant, long-term incentive plan, beneficial ownership