Form 4: Belden Inc. Executive Brian Lieser Reports Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
Brian Lieser, EVP of Automation Solutions at Belden Inc., reports the sale of 2,061 shares of common stock at $104.64 per share, executed under a pre-arranged 10b5-1 trading plan.
Summary
- Brian Lieser, an executive at Belden Inc., filed a Form 4 disclosing a transaction involving the company's common stock.
- On March 4, 2025, Lieser sold 2,061 shares of Belden Inc. common stock at a price of $104.64 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on November 7, 2024.
- Following the transaction, Lieser directly owns 41,494 shares of Belden Inc. common stock.
- Lieser also indirectly owns 379.2634 shares through the Belden Retirement Savings Plan.
- The filing also includes a Limited Power of Attorney, granting Brian E. Anderson the authority to act on Lieser's behalf for SEC reporting obligations.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock sale by an executive under a pre-arranged trading plan. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on any inside information at the time of the transaction.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Belden Inc.
- The use of 10b5-1 trading plans is a common method for corporate insiders to sell shares while avoiding accusations of insider trading, similar to practices at companies like Amphenol or TE Connectivity.
- The size of the transaction is relatively small compared to the overall market capitalization of Belden Inc., which is typical for individual executive stock sales.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
- The transaction is unlikely to significantly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023-02-15 | Date of execution for the Limited Power of Attorney. |
| 2024-11-07 | Date Brian Lieser adopted the Rule 10b5-1 trading plan. |
| 2025-03-04 | Date of the stock sale transaction. |
| 2025-03-05 | Date of the signature on the Form 4 filing. |
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