Form 4: Belden EVP Leah Tate Boosts Stake After PSU Vesting

Sentiment:

Insider Transaction Report 2 March 2026 5:58 PM

Belden Inc.'s EVP Leah Tate acquired 2,440 shares of common stock following the vesting of performance share units and disposed of 335 shares for tax withholding.

Better than expectedThe acquisition of 2,440 shares is a result of the company achieving its adjusted EPS goal of $7.54 in 2025, leading to a supplemental distribution under the Stretch Achievement Share Award program. This indicates strong performance against internal targets.The net increase in the executive's direct beneficial ownership after accounting for tax withholding suggests a positive outcome for the executive's compensation and company performance.

Summary

Leah Tate, EVP Chief Peop/Strat Officer of Belden Inc., reported changes in beneficial ownership of common stock.
335 shares were withheld for tax purposes on March 2, 2026, related to a restricted stock unit grant that vested on February 26, 2026.
2,440 shares were acquired on March 2, 2026, as a supplemental distribution from the Company's Stretch Achievement Share Award program.
This supplemental distribution was based on company performance from 2022-2024 and achieving an adjusted EPS goal of $7.54 in 2025.
Following these transactions, Leah Tate directly owns 30,005 shares, indirectly owns 3,360 shares via spouse, and 1,186.732 shares via a 401(k) Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing, primarily due to the executive's acquisition of shares tied to the achievement of a specific EPS performance goal, indicating successful execution against internal targets.

Positives

Leah Tate acquired 2,440 shares of common stock through the Company's Stretch Achievement Share Award program, indicating successful company performance against EPS goals.
The company achieved an adjusted EPS of $7.54 in 2025, which triggered a supplemental distribution of 0.54 shares for each vested PSU.
The increase in direct beneficial ownership from 27,565 (after tax withholding) to 30,005 shares reflects a net increase in the executive's stake.

Negatives

335 shares were disposed of for tax withholding purposes, which is a common but still a disposition of shares.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, but the achievement of the 2025 EPS goal suggests positive past performance that could influence future expectations.

Industry Context

StockSavvy.ai notes that executive share acquisitions tied to performance-based awards are a common mechanism to align management incentives with shareholder interests. The achievement of specific EPS targets, as seen with Belden Inc.'s 2025 EPS of $7.54, demonstrates the company's ability to meet internal financial objectives, which can be a positive signal in the industrial technology sector.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Power of Attorney Grant	Leah Tate granted a Limited Power of Attorney to Brian E. Anderson, Elizabeth Schepers, and any Corporate Secretary of Belden Inc. to handle SEC reporting (Forms 3, 4, 5, 144) and EDGAR account administration.	March 11, 2025	Streamlines compliance with Section 16(a) of the Exchange Act and Rule 144 of the Securities Act for the reporting person, ensuring timely and accurate filings.

Stakeholder Impact

Shareholders: The acquisition of shares by an executive tied to performance metrics can be seen as a positive signal of management's alignment with shareholder interests and confidence in the company's performance.
Employees: The existence of a 'Stretch Achievement Share Award program' suggests a performance-driven compensation structure that could motivate employees.

Key Dates

Date	Description
2022	Start of performance period for certain PSUs granted under the Stretch Achievement Share Award program.
2023	Grant year for certain PSUs under the Stretch Achievement Share Award program.
2024	End of performance period for certain PSUs granted under the Stretch Achievement Share Award program.
March 11, 2025	Date Leah Tate executed a Limited Power of Attorney for SEC reporting purposes.
2025	Year for which an adjusted EPS goal of $7.54 was achieved, triggering supplemental PSU distribution.
February 26, 2026	Vesting date for a portion of a restricted stock unit grant from February 26, 2025.
March 2, 2026	Date shares were delivered for vested restricted stock units and supplemental PSU distribution; also the transaction date for tax withholding and share acquisition.

Recommendation

hold

This Form 4 filing details routine executive compensation-related transactions, including share acquisition due to performance goal achievement and tax withholding. While the performance-based award is a positive indicator of past company success, it is a standard event for executive compensation and does not provide new fundamental information to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals.

Keywords

Belden Inc., BDC, Leah Tate, Form 4, Insider Trading, Stock Ownership, Performance Share Units, Restricted Stock Units, Executive Compensation, Share Award Program, EPS, Beneficial Ownership

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