Form 4: Belden Inc. Executive Brian Edward Anderson Reports Stock Transactions

Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. of Belden Inc., reports the sale and exercise of common stock and stock appreciation rights (SARs) under a pre-arranged 10b5-1 trading plan.

Summary

• Brian Edward Anderson, a senior executive at Belden Inc., filed a Form 4 detailing changes in beneficial ownership of the company's securities.
• On August 20, 2024, Anderson sold 1,663 shares of common stock at $105 per share.
• On the same day, Anderson exercised 6,769 Stock Appreciation Rights (SARs) at an exercise price of $52.89.
• The exercise of SARs resulted in the acquisition of 6,769 shares and the withholding of shares to cover tax obligations, resulting in a net increase of 4,939 shares.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on May 9, 2024.
• Following these transactions, Anderson directly owns 33,355 shares of Belden Inc. common stock and indirectly owns 897.9008 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-existing trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, suggesting they were planned and not based on insider information.

Future Outlook

No sale of the resulting shares from the SAR exercise is contemplated by the trading plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Comparison to Industry Standards

• Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
• The use of 10b5-1 trading plans is a common practice among corporate executives to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares outstanding, but the effect is likely minimal given the relatively small volume of shares involved.

Key Dates