Form 4: Belden Director Vivie Lee Receives Restricted Stock Grant Valued at $150,000

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

Summary

• Vivie Lee, a Director of Belden Inc. (BDC), acquired 1,385 shares of common stock on May 22, 2025.
• The 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.
• The restrictions on these shares are generally removed one year after the award date, with provisions for accelerated removal under specific circumstances such as death, disability, or retirement.
• Following this transaction, Vivie Lee beneficially owns 7,129 shares of Belden Inc. common stock directly.

Sentiment

Score: 7

Explanation: The sentiment is positive for the individual recipient due to the equity grant. For the company, it's a neutral to slightly positive event as it represents routine compensation and aligns director interests with shareholders, though it involves minor dilution.

Positives

• The grant of restricted stock aligns the director's interests with long-term shareholder value, as the shares vest over time.
• The transaction demonstrates the company's commitment to its long-term incentive plan for directors, which is a common practice in corporate governance.

Future Outlook

The restricted stock grant generally vests one year after the award date, indicating a future vesting event for the shares.

Management Comments

• The grant was made under the Company's 2021 Long Term Incentive Plan.

Industry Context

This transaction is a routine equity compensation event for a director, common across publicly traded companies as part of their executive and director compensation strategies to align interests with shareholders.

Comparison to Industry Standards

• The use of restricted stock grants as a component of director compensation is a standard practice among U.S. public companies, aligning with typical corporate governance frameworks.
• The vesting period of one year is a common duration for such grants, although longer periods or performance-based vesting are also prevalent depending on company-specific compensation philosophies.

Corporate Governance

Related Party Transactions

• The restricted stock grant to Vivie Lee, a director of Belden Inc., constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: Minor dilution from the issuance of new shares for the grant, but also potential benefit from improved director alignment with long-term company performance.
• Director (Vivie Lee): Direct financial benefit through equity compensation, aligning personal wealth with company stock performance.

Next Steps

• The restricted shares will generally vest one year after the grant date (May 22, 2025), subject to accelerated removal under specific conditions.

Key Dates

Keywords

Belden Inc., BDC, Vivie Lee, Restricted Stock Grant, SEC Form 4, Insider Transaction, Long Term Incentive Plan, Equity Compensation, Corporate Governance