Form 4: Belden Inc. Director Gregory James McCray Acquires Shares Under Incentive Plan

Director Gregory James McCray acquired 1,554 shares of Belden Inc. common stock on May 23, 2024, as part of the company's 2021 Long Term Incentive Plan.

Summary

• On May 23, 2024, Gregory James McCray, a director of Belden Inc., acquired 1,554 shares of common stock.
• The acquisition was part of the company's 2021 Long Term Incentive Plan.
• The shares were granted at a price of $0.00.
• The grant was based on a value of $150,000 divided by the closing price on the grant date, which was $96.51.
• Following the transaction, McCray directly owns 8,399 shares of Belden Inc.
• The restrictions on the shares are generally removed one year after the award date, subject to accelerated removal under certain circumstances.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares under the incentive plan is a routine event, but it signals confidence in the company's future performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The Long Term Incentive Plan aligns the interests of directors with those of shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the terms of the Long Term Incentive Plan, which suggests continued equity-based compensation for key personnel.

Industry Context

Share acquisitions by company directors are common and often viewed positively by investors as they align management's interests with those of shareholders. Incentive plans are a standard practice in corporate governance.

Comparison to Industry Standards

• Equity-based compensation is a common practice among publicly traded companies to incentivize executives and align their interests with shareholders.
• Companies like Amphenol and TE Connectivity also utilize long-term incentive plans that include stock options and restricted stock units for their executives.
• The vesting schedules and performance metrics associated with these plans vary, but the overall goal is to reward executives for achieving long-term growth and profitability.

Stakeholder Impact

• The share acquisition could have a slightly positive impact on shareholder sentiment.
• The incentive plan aims to motivate the director to improve company performance, benefiting all stakeholders.

Key Dates