Form 4: Belden Inc. Director Vivie Lee Receives Restricted Stock Grant

Director Vivie Lee receives 1,554 shares of Belden Inc. restricted stock under the company's 2021 Long Term Incentive Plan.

Summary

• Vivie Lee, a director of Belden Inc., received 1,554 shares of restricted stock on May 23, 2024.
• The grant was made under Belden's 2021 Long Term Incentive Plan.
• The shares were valued at $0.00 each on the transaction date.
• The total value of the grant is $150,000, based on a closing price of $96.51 on May 23, 2024.
• Restrictions on the shares generally lapse one year after the award date, with potential for accelerated removal under certain circumstances such as death, disability, or retirement.
• Following the transaction, Lee directly owns 5,744 shares of Belden Inc. common stock.
• Brian E. Anderson, attorney-in-fact, signed the Form 4 on behalf of Vivie Lee on May 28, 2024.
• A Limited Power of Attorney was executed on March 29, 2023, appointing Brian E. Anderson to handle SEC filings on Lee's behalf.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term 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

Stock grants to directors are a common practice in publicly traded companies to incentivize performance and align their interests with shareholders. The size and terms of the grant are typical for director compensation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Restricted stock grants are a common component, vesting over a period of one to three years.
• The value of the grant is generally benchmarked against peer companies in the same industry and of similar size.
• Companies like Amphenol and TE Connectivity also use similar equity-based compensation for their directors.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates