Form 4: Belden Inc. Executive Brian Lieser Reports Acquisition of Common Stock Through Employee Stock Purchase Plan

Brian Lieser, EVP at Belden Inc., reports acquiring 78 shares of common stock through the company's employee stock purchase plan at a price of $65.718 per share.

Summary

• Brian Lieser, an Executive Vice President at Belden Inc., filed a Form 4 disclosing a transaction involving the company's common stock.
• On July 9, 2024, Lieser acquired 78 shares of Belden Inc. common stock through the company's 2021 Employee Stock Purchase Plan at a price of $65.718 per share.
• Following the transaction, Lieser directly owns 21,850 shares and indirectly owns 356.4038 shares through a 401(k) plan.
• The shares were acquired under a plan broadly available to employees, where the purchase price is 85% of the lesser of the stock price at the beginning (January 1, 2024) or end (June 30, 2024) of the offering period.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive through an employee stock purchase plan is generally viewed as a positive sign, indicating confidence in the company's prospects. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's outlook.

Positives

• Executive participation in the Employee Stock Purchase Plan signals confidence in the company's future.
• The Employee Stock Purchase Plan is broadly available to employees, indicating a positive employee benefit.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates an executive's participation in a company-sponsored stock purchase plan, which is a common practice.

Comparison to Industry Standards

• Employee stock purchase plans are a common benefit offered by many publicly traded companies, including competitors of Belden Inc.
• The terms of Belden's plan, such as the 15% discount (85% of market price), are fairly standard compared to similar plans offered by companies like Amphenol and TE Connectivity.
• Executive participation in these plans is also typical and viewed as a positive sign of alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals executive confidence.
• Employees benefit from the availability of the Employee Stock Purchase Plan.

Key Dates