Form 4: Belden Executive Boosts Stake Through Employee Stock Purchase Plan

Belden Inc.'s SVP, Legal, GC and Corporate Secretary, Brian Edward Anderson, acquired 219 shares of common stock at $96.62 per share through the company's Employee Stock Purchase Plan.

Summary

• Brian Edward Anderson, SVP, Legal, GC and Corporate Secretary of Belden Inc., acquired 219 shares of Belden Inc. common stock.
• The acquisition occurred on July 10, 2025, at a price of $96.62 per share.
• These shares were acquired through the Belden Inc. 2021 Employee Stock Purchase Plan (ESPP).
• The ESPP allows employees to purchase shares at 85% of the lesser of the stock price at the beginning (January 1, 2025) or end (June 30, 2025) of the offering period, funded by payroll deductions.
• Following this transaction, Brian Edward Anderson directly beneficially owns 43,479 shares of common stock.
• Additionally, 1,046.51 shares are indirectly held through the Belden Retirement Savings Plan (401(k) Plan).

Sentiment

Score: 7

Explanation: The acquisition of shares by a senior executive through an employee stock purchase plan is generally viewed positively as it indicates management's confidence in the company's future and aligns their interests with shareholders. The transaction is part of a pre-planned program.

Positives

• Insider share acquisition demonstrates confidence in the company's future prospects.
• Participation in the Employee Stock Purchase Plan (ESPP) indicates alignment of employee interests with shareholder interests.

Negatives

• NA

Risks

• NA

Future Outlook

The transaction date of July 10, 2025, indicates a future acquisition of shares under the Employee Stock Purchase Plan, reflecting a pre-planned purchase.

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.
• Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

Industry Context

Insider purchases, especially through employee plans, are common across industries and often viewed as a sign of management confidence in the company's future performance.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of management confidence.
• Employees: The existence of an ESPP benefits employees by allowing them to acquire company stock at a discount, fostering a sense of ownership.

Next Steps

• NA

Key Dates

Recommendation

Keywords

Belden Inc., BDC, Brian Edward Anderson, Form 4, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, ESPP, Corporate Secretary, Legal, General Counsel, Share Acquisition