Form 4: Belden Inc. Director Lance C. Balk Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lance C. Balk reports a transfer of 4,230 shares of Belden Inc. common stock to an irrevocable trust.
Summary
- On November 7, 2024, Lance C. Balk, a director of Belden Inc., reported a transaction involving the company's common stock.
- Mr. Balk transferred 4,230 shares of common stock to an irrevocable trust, where he has no control or pecuniary interest.
- Following the transaction, Mr. Balk directly owns 34,446 shares of Belden Inc. common stock.
- He also indirectly owns 2,400 shares through an irrevocable trust for the benefit of his spouse and adult children, and 45,000 shares through a grantor retained annuity trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it involves a transfer of shares to a trust and does not represent a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| May 28, 2015 | Date of execution for the Limited Power of Attorney. |
| November 7, 2024 | Date of the stock transaction (transfer of shares to an irrevocable trust). |
| November 12, 2024 | Date of signature for the Form 4 filing. |
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