Form 4: Belden Inc. CFO Jeremy Parks Reports Stock Transactions
SEC Form 4 Filing
Jeremy Parks, SVP Finance and CFO of Belden Inc., reports the withholding of shares for tax purposes related to vested restricted stock units.
Summary
- On February 21, 2025, Jeremy Parks, the SVP Finance and CFO of Belden Inc., had 1,117 shares of common stock withheld for tax purposes related to the vesting of restricted stock units granted on February 21, 2024.
- Following this transaction, Parks directly owns 29,666 shares of Belden Inc. common stock.
- On February 24, 2025, 2,013 shares were withheld for tax purposes related to the vesting of restricted stock units granted on February 22, 2022, resulting in direct ownership of 27,653 shares.
- Parks also indirectly owns 955.4776 shares of Belden Inc. common stock through the Belden Retirement Savings Plan.
- Brian E. Anderson, acting as attorney-in-fact for Jeremy Parks, signed the report on February 25, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports routine stock transactions related to tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with access to privileged information.
Comparison to Industry Standards
- Comparing Belden's insider transaction reporting to companies like Amphenol or TE Connectivity, the filings are standard practice for disclosing changes in beneficial ownership.
- The withholding of shares for tax obligations upon vesting of restricted stock units is a common occurrence across publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine tax withholdings and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2021-01-12 | Date of Limited Power of Attorney execution. |
| 2024-02-21 | Date of restricted stock unit grant related to February 21, 2025 vesting. |
| 2025-02-21 | Date of common stock transaction (1,117 shares withheld for taxes). |
| 2022-02-22 | Date of restricted stock unit grant related to February 24, 2025 vesting. |
| 2025-02-24 | Date of common stock transaction (2,013 shares withheld for taxes). |
| 2025-02-25 | Date of Form 4 filing. |
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