Form 4: Belden Inc. Director Jonathan C. Klein Receives Restricted Stock Grant

Director Jonathan C. Klein of Belden Inc. was granted 1,554 shares of restricted stock on May 23, 2024, under the company's 2021 Long Term Incentive Plan.

Summary

• On May 23, 2024, Jonathan C. Klein, a director of Belden Inc., received a grant of 1,554 shares of restricted stock.
• The grant was made under the company's 2021 Long Term Incentive Plan.
• The value of the grant is based on $150,000 divided by the closing price on the grant date, which was $96.51 per share.
• The restrictions on the shares are generally removed one year after the award date, but may be accelerated under certain circumstances such as death, disability, or retirement.
• A power of attorney is in place, authorizing Brian E. Anderson to act on behalf of Jonathan C. Klein for Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation matter, which is generally viewed neutrally to positively as it aligns management with shareholder interests. The sentiment is slightly positive due to the incentive aspect.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restrictions associated with the shares are generally removed one year after the date of award, but are subject to accelerated removal under certain circumstances, including death, disability and retirement.

Industry Context

Restricted stock grants are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock grants, vary significantly across industries and company sizes.
• Benchmarking against peer companies in the technology or manufacturing sectors would provide a more detailed assessment of the appropriateness of this grant.
• Factors such as company performance, executive tenure, and overall compensation strategy influence the size and structure of these grants.

Stakeholder Impact

• Shareholders may view the grant positively as it incentivizes the director to focus on long-term value creation.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates