Form 4: Belden Inc. Executive Brian Edward Anderson Reports Stock Transactions
SEC Form 4 Filing
Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. of Belden Inc., reports exercising stock appreciation rights and disposing of shares to cover taxes.
Summary
- On August 16, 2024, Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. of Belden Inc., exercised 5,535 stock appreciation rights (SARs) at a price of $89.23.
- This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2024.
- Anderson disposed of 5,176 shares at $101.24 to cover the SARs exercise and tax obligations.
- Following the reported transactions, Anderson directly owns 33,188 shares of Belden Inc. common stock and indirectly owns 897.9008 shares through a 401(k) plan.
- No sale of the resulting shares is contemplated by the trading plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral. The document simply reports stock transactions by an executive, which is a routine part of corporate governance. The use of a 10b5-1 plan suggests transparency and pre-planning.
Positives
- The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent approach to stock transactions.
Future Outlook
No sale of the resulting shares is contemplated by the trading plan.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company executives. It is a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2016 | 1,845 SARs became exercisable |
| 02/25/2017 | 1,845 SARs became exercisable |
| 02/25/2018 | 1,845 SARs became exercisable |
| 05/09/2024 | Mr. Anderson adopted a Rule 10b5-1 trading plan |
| 08/16/2024 | Date of earliest transaction: Exercise of Stock Appreciation Rights |
| 08/19/2024 | Date of Form 4 filing |
| 02/25/2025 | Expiration date of SARs |
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