Form 4: Belden EVP Brian Lieser Acquires Shares Through Employee Stock Purchase Plan

Belden Inc.'s EVP of Solutions, Brian Lieser, acquired 70 shares of common stock at $96.62 per share through the company's Employee Stock Purchase Plan.

Summary

• Brian Lieser, Executive Vice President of Solutions at Belden Inc. (BDC), acquired 70 shares of the company's common stock.
• The transaction occurred on July 10, 2025, with shares purchased at a price of $96.62 per share.
• The shares were acquired through the Belden Inc. 2021 Employee Stock Purchase Plan (ESPP).
• Under the ESPP, the purchase price is 85% of the lesser of the stock price at the beginning of the offering period (January 1, 2025) or at the end of the offering period (June 30, 2025), with purchases funded via payroll deductions.
• Following this acquisition, Brian Lieser directly holds 44,145 shares of Belden common stock.
• Additionally, Brian Lieser indirectly holds 504.9382 shares of Belden common stock through the Belden Retirement Savings Plan (401(k) Plan).
• A Limited Power of Attorney, executed on March 11, 2025, grants Brian E. Anderson and Elizabeth Schepers, among others, the authority to prepare and file SEC reports on behalf of Brian Lieser.

Sentiment

Score: 7

Explanation: The acquisition of shares by an executive, even through an Employee Stock Purchase Plan, generally indicates confidence in the company's future. The document itself is a factual report of a transaction and a power of attorney, so the sentiment is neutral to slightly positive due to the insider purchase.

Positives

• Management (EVP Brian Lieser) is increasing direct ownership in the company, which can signal confidence in Belden Inc.'s future prospects.
• The Employee Stock Purchase Plan (ESPP) provides a benefit to employees, allowing them to acquire company shares at a discounted price (85% of the lower of two period-end prices).

Future Outlook

The document does not provide a future outlook for the company's performance or strategic direction, focusing solely on an insider's stock transaction and a power of attorney.

Management Comments

• Shares acquired through the Belden Inc. 2021 Employee Stock Purchase Plan (the 'Plan'). The Plan is broadly available to employees of Belden Inc. and its subsidiaries. Pursuant to the terms of the Plan, the purchase price is 85% of the lesser of (i) the price at the beginning of the offering period (January 1, 2025) or (ii) the price at the end of the offering period (June 30, 2025). Employees elect their level of participation and the purchases are funded via payroll deductions through the offering period.

Industry Context

This Form 4 filing details a routine insider stock acquisition, which is a standard disclosure for publicly traded companies. It does not provide broader industry context or competitive analysis.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as a sign of management confidence in the company's performance.
• Employees: The Employee Stock Purchase Plan (ESPP) provides a benefit to participating employees by allowing them to acquire company stock at a discount.

Next Steps

• Continued filing of Forms 3, 4, and 5 by Brian Lieser as required by Section 16(a) of the Securities Exchange Act of 1934.

Key Dates

Keywords

Belden Inc., BDC, Form 4, Insider Trading, Employee Stock Purchase Plan, ESPP, Executive Compensation, Stock Acquisition, Corporate Governance, SEC Filing