Form 4: Belden Inc. Director Receives Stock Grant

Belden Inc. Director Lance C. Balk was granted restricted stock under the company's Long Term Incentive Plan.

Summary

• Lance C. Balk, a Director at Belden Inc., received a grant of 1,527 shares of common stock on May 21, 2026, under the company's 2021 Long Term Incentive Plan.
• The value of this grant was reported as $160,000, based on a closing price of $104.79 per share on the grant date.
• Restrictions on these shares are generally lifted one year after the award date, with provisions for accelerated removal under specific circumstances like death, disability, or retirement.
• Mr. Balk also beneficially owns other shares, including 2,400 shares held in an irrevocable trust for his spouse and adult children, and 12,475 shares in a GRAT remainder trust for the same beneficiaries.
• He has disclaimed beneficial ownership of the shares held in trust for adult children and the GRAT remainder trust beyond his pecuniary interest, indicating no intention to exert voting or disposition power over these shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine director compensation and stock grants rather than significant financial performance or strategic shifts.

Positives

• Director compensation through stock grants aligns management's interests with shareholders.
• The grant of restricted stock under an incentive plan suggests a focus on long-term performance and retention.
• The value of the stock grant ($160,000) indicates a significant incentive for the director.

Negatives

• The filing does not contain any negative financial or operational information.

Risks

• Restrictions on the stock grant are subject to accelerated removal under certain circumstances, which could lead to earlier vesting than anticipated.
• The disclaimer of beneficial ownership for certain trust holdings indicates a separation of control, which could be a point of scrutiny in governance reviews.

Future Outlook

Restrictions on the granted shares are generally removed one year after the award date, with potential for accelerated removal under specific conditions such as death, disability, or retirement.

Management Comments

• Reporting Person disclaims beneficial ownership of shares held in trust for adult children as beneficiaries are outside his household and he has no pecuniary interest.
• Reporting Person disclaims beneficial ownership of shares in GRAT remainder trust beyond his pecuniary interest, given lack of intention to exert power over voting or disposition.

Industry Context

StockSavvy.ai notes that the issuance of restricted stock to directors is a common practice in the technology and manufacturing sectors, including companies like Belden Inc., to align executive incentives with long-term shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The stock grant aligns director incentives with long-term company performance, potentially benefiting shareholders through improved governance and strategic decision-making.
• Employees: The use of an incentive plan may indirectly benefit employees by fostering a culture of long-term commitment and performance.
• Management: The filing details compensation arrangements for a key director, providing transparency on executive remuneration.

Next Steps

• Restrictions on the granted shares will generally be removed one year after the award date.
• Potential for accelerated removal of restrictions under circumstances including death, disability, and retirement.

Key Dates

Keywords

Belden Inc., Form 4, SEC Filing, Insider Trading, Stock Grant, Restricted Stock, Long Term Incentive Plan, Director Compensation, Beneficial Ownership, Lance C. Balk