Form 4: Belden Director Nancy Calderon Receives Restricted Stock Grant Valued at $150,000

Belden Inc. Director Nancy E. Calderon was granted 1,385 shares of restricted common stock valued at $150,000 under the company's 2021 Long Term Incentive Plan.

Summary

• Nancy E. Calderon, 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.
• The value of the grant was $150,000, calculated based on the closing price of $108.27 per share on the grant date.
• Following this transaction, Ms. Calderon beneficially owns a total of 8,339 shares of Belden Inc. common stock.
• The restrictions on these shares are generally removed one year after the award date, with provisions for accelerated removal upon death, disability, or retirement.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity compensation event for a director, which is generally positive for corporate governance and alignment of interests, but does not contain significant new financial or operational news to dramatically shift sentiment.

Positives

• The grant of restricted stock aligns the director's interests with those of shareholders, promoting long-term value creation.
• Equity compensation is a standard practice for retaining and incentivizing key personnel and directors.

Risks

• The value of the restricted stock is subject to the future performance of Belden Inc.'s stock price.
• The shares are restricted for one year, meaning the director cannot sell them immediately, which ties their liquidity to the company's performance over that period.

Future Outlook

The filing itself does not contain forward-looking statements or guidance beyond the vesting schedule of the restricted stock, which indicates a standard one-year vesting period for the granted shares.

Industry Context

The grant of restricted stock to a director is a common practice in publicly traded companies across various industries, including the industrial technology and networking solutions sector where Belden Inc. operates. It serves to align the interests of directors with long-term shareholder value.

Comparison to Industry Standards

• Equity compensation for directors, particularly through restricted stock units or grants, is a widely adopted practice among S&P 500 and Russell 2000 companies.
• While specific grant values vary based on company size, industry, and individual roles, a grant of $150,000 for a non-executive director is within typical ranges for companies of Belden's market capitalization.
• For example, similar grants are observed at companies like CommScope Holding Company, Inc. (COMM) or Hubbell Incorporated (HUBB), which operate in related industrial and electrical product sectors, aiming to incentivize long-term commitment and performance.

Corporate Governance

Related Party Transactions

• The restricted stock grant is a standard compensation arrangement between the company and its director, which is a common related-party transaction disclosed in SEC filings.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The restricted shares granted to Nancy E. Calderon are expected to vest one year after the grant date of May 22, 2025, subject to certain conditions.

Key Dates

Recommendation

Keywords

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