Form 4: Belden Inc. Director Nancy E. Calderon Reports Acquisition of Restricted Stock

Director Nancy E. Calderon acquired 1,554 shares of Belden Inc. restricted stock on May 23, 2024, under the company's 2021 Long Term Incentive Plan.

Summary

• On May 23, 2024, Nancy E. Calderon, a director of Belden Inc., acquired 1,554 shares of common stock.
• The acquisition was a grant of restricted stock under the company's 2021 Long Term Incentive Plan.
• The value of the grant was $150,000, with the number of shares determined by the closing price on the grant date ($96.51).
• Following the transaction, Calderon directly owns 9,454 shares of Belden Inc. common stock.
• The restrictions on the shares generally lapse one year after the award date, subject to accelerated removal under certain circumstances.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock) which is generally viewed positively as it aligns director interests with shareholders. The sentiment is neutral to slightly positive.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align the interests of directors and executives with shareholders.
• Vesting schedules for restricted stock typically range from one to five years, with one-year vesting being relatively aggressive.
• Companies like Amphenol and TE Connectivity also utilize equity-based compensation for their directors and executives.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's interests with the long-term performance of the company, which can be viewed positively.
• Employees: The incentive plan may serve as a model for other employee compensation packages, potentially boosting morale.
• Company: The equity grant helps retain and incentivize key personnel.

Key Dates