Form 4: Belden Inc. Director Lance C. Balk Reports Acquisition of Restricted Stock

Director Lance C. Balk reports acquisition of 1,554 shares of Belden Inc. restricted stock granted under the company's 2021 Long Term Incentive Plan.

Summary

• On May 23, 2024, Lance C. Balk, a director of Belden Inc., acquired 1,554 shares of common stock.
• These shares were granted as restricted stock under the company's 2021 Long Term Incentive Plan.
• The grant is based on a value of $150,000 divided by the closing price on the grant date, which was $96.51.
• Following the transaction, Balk directly owns 38,676 shares of Belden Inc. common stock.
• Balk also indirectly owns 2,400 shares through an irrevocable trust and 45,000 shares through a grantor retained annuity trust.
• Brian E. Anderson, attorney-in-fact for Lance C. Balk, signed the report on May 28, 2024.
• A Limited Power of Attorney was executed on May 28, 2015, appointing Brian E. Anderson as attorney-in-fact for Rule 144 and Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a standard compensation practice. It is neither overwhelmingly positive nor negative, but suggests alignment of management interests with shareholders.

Positives

• The acquisition of restricted stock aligns the director's interests with the company's long-term performance.
• The grant of restricted stock is part of the company's 2021 Long Term Incentive Plan, suggesting a commitment to incentivizing key personnel.

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

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a grant of restricted stock to a director, which is a common practice in corporate compensation.

Comparison to Industry Standards

• Restricted stock grants are a common component of executive compensation packages in publicly traded companies, including Belden's competitors in the electronics and networking industries.
• Companies like Amphenol and TE Connectivity also utilize similar long-term incentive plans to align executive interests with shareholder value.
• The vesting schedule of one year is fairly standard, although some companies may have longer or shorter vesting periods depending on their specific compensation strategies.

Stakeholder Impact

• The grant of restricted stock could positively impact shareholders by aligning the director's interests with the company's long-term performance.
• The grant of restricted stock could positively impact the director by incentivizing them to improve the company's long-term performance.

Key Dates