Form 4: Belden Inc. Executive Brian Lieser Executes Stock Appreciation Rights and Sells Shares Under 10b5-1 Plan

Brian Lieser, EVP of Automation Solutions at Belden Inc., exercised stock appreciation rights and sold a portion of the resulting shares according to a pre-arranged trading plan.

Summary

• Brian Lieser, an executive at Belden Inc., executed stock appreciation rights (SARs) and sold shares of common stock.
• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 7, 2024.
• On May 13, 2025, Lieser exercised 1,200 SARs at an exercise price of $61.79, receiving 903 shares after accounting for tax withholding.
• On May 14, 2025, Lieser sold 297 shares at a price of $113.64 per share.
• Following these transactions, Lieser directly owns 37,405 shares of Belden Inc. common stock and indirectly owns 504.9382 shares through the 401(k) plan.
• Lieser also holds 2,266 stock appreciation rights.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports routine insider transactions under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Positives

• The transactions were conducted under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Executives often use 10b5-1 plans to manage their stock holdings and avoid accusations of insider trading.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and conducted under a pre-arranged trading plan.

Key Dates

Keywords

Form 4, Belden Inc., Brian Lieser, Stock Appreciation Rights, SAR, 10b5-1 Trading Plan, Insider Trading, Executive Compensation, BDC