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

Ashish Chand, President and CEO of Belden Inc., reports transactions involving company stock, including shares withheld for taxes and a sale executed under a Rule 10b5-1 trading plan.

Summary

• Ashish Chand, the President and CEO of Belden Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 21, 2025, 3,947 shares were withheld for tax purposes related to the vesting of restricted stock units granted on February 21, 2024.
• On February 24, 2025, 2,546 shares were withheld for tax purposes related to the vesting of restricted stock units granted on February 22, 2022.
• Also on February 24, 2025, Mr. Chand sold 14,535 shares at an average price of $111.453 per share, with prices ranging from $109.55 to $112.51.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on November 1, 2024.
• Following these transactions, Mr. Chand directly owns 107,129 shares and indirectly owns 1,009.7293 shares through the Belden Retirement Savings Plan.
• Brian E. Anderson, acting as attorney-in-fact, signed the report on February 25, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to executive compensation and trading activities, which is common for publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to allow insiders to sell shares without concerns about insider trading.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Belden Inc.
• Companies such as Amphenol, TE Connectivity, and Corning also have executives who regularly report stock transactions via Form 4 filings.
• The use of Rule 10b5-1 trading plans is a standard practice among executives in these companies to manage their stock sales in compliance with insider trading regulations.
• The reported transactions are typical in terms of the types of transactions (tax withholding, stock sales) and the level of detail disclosed.

Stakeholder Impact

• The stock sale by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the use of a pre-arranged trading plan.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates