Form 4: Belden Director Lance Balk Receives $150,000 Restricted Stock Grant

Belden Inc. Director Lance C. Balk was granted 1,385 shares of restricted common stock valued at $150,000 under the company's 2021 Long Term Incentive Plan, as disclosed in a recent SEC Form 4 filing.

Summary

• Lance C. Balk, a Director of Belden Inc. (BDC), acquired 1,385 shares of common stock on May 22, 2025.
• This acquisition was a grant of restricted stock under the Company's 2021 Long Term Incentive Plan, with a value of $150,000.
• The value was calculated based on the closing price of $108.27 per share on the grant date.
• Restrictions on these shares are generally removed one year after the award date, with provisions for accelerated removal under specific conditions such as death, disability, or retirement.
• Following this transaction, Mr. Balk directly owns 35,831 shares of common stock.
• Additionally, Mr. Balk indirectly owns 2,400 shares through an irrevocable trust for the benefit of his spouse and adult children, and 45,000 shares through a grantor retained annuity trust.
• A Limited Power of Attorney, dated March 11, 2025, authorizes Brian E. Anderson and Elizabeth Schepers to file SEC reports on behalf of Lance C. Balk.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates alignment of interests and retention, but largely neutral as it's a routine compensation disclosure.

Positives

• The grant of restricted stock aligns the director's long-term interests with those of shareholders, promoting value creation.
• The incentive plan encourages the retention of key personnel by tying compensation to future performance and continued service.

Future Outlook

The restricted stock grant includes a one-year vesting period, indicating an expectation of continued service from the director for at least that duration, with accelerated vesting provisions for specific events like death, disability, or retirement.

Industry Context

This transaction is a routine disclosure of insider equity compensation, common across publicly traded companies to align executive and director incentives with shareholder interests. It does not reflect broader industry trends or competitive shifts.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's long-term interests with those of shareholders, potentially fostering better governance and strategic decisions aimed at increasing shareholder value.

Next Steps

• The restrictions on the granted shares are generally expected to be removed one year after the grant date, around May 22, 2026.

Key Dates

Keywords

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