Form 4: Belden Inc. CEO Ashish Chand Reports Changes in Beneficial Ownership

Ashish Chand, President and CEO of Belden Inc., reports the conversion of performance stock units to restricted stock units and shares held in the Belden Retirement Savings Plan.

Summary

• Ashish Chand, the President and CEO of Belden Inc., filed a Form 4 to report changes in beneficial ownership of the company's stock.
• On September 10, 2024, 44,856 restricted stock units (RSUs) were acquired due to the conversion of performance stock units (PSUs).
• The PSUs were initially awarded on August 17, 2021, and converted based on a total stockholder return performance factor of 2.0.
• These RSUs will vest on August 17, 2025, assuming continued employment.
• The filing also reports 978.4153 shares of Belden Inc. common stock held indirectly through the Belden Retirement Savings Plan.
• Ashish Chand has granted Brian E. Anderson a Limited Power of Attorney for Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions related to stock-based compensation. The conversion of PSUs to RSUs suggests that performance targets were met, which is mildly positive.

Positives

• The conversion of PSUs to RSUs indicates that performance targets related to stockholder return were met, which is a positive signal.

Future Outlook

The RSUs will vest on August 17, 2025, assuming continued employment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard compensation practices involving stock-based awards.

Stakeholder Impact

• The vesting of RSUs could potentially increase the number of shares available in the market, but the impact is likely to be minimal.

Key Dates