Form 4: Belden Inc. Executive Exercises Stock Appreciation Rights

Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. of Belden Inc., exercised stock appreciation rights and disposed of shares to cover tax obligations.

Summary

• On September 23, 2024, Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. of Belden Inc., exercised 10,448 stock appreciation rights (SARs) at an exercise price of $61.79.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2024.
• As a result of the SARs exercise, Anderson acquired 2,623 shares of Belden Inc. common stock.
• 7,825 shares were disposed of to cover tax withholding obligations related to the SARs exercise at a price of $113.465.
• Following the reported transactions, Anderson directly owns 35,978 shares of Belden Inc. common stock.
• Anderson also indirectly owns 897.9008 shares through the Belden Retirement Savings Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an executive exercising stock options and selling shares to cover taxes. There's no indication of positive or negative implications for the company's performance.

Positives

• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, suggesting 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, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
• Rule 10b5-1 trading plans are a common tool used by executives to avoid accusations of insider trading by pre-scheduling trades.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine executive compensation activity.
• The disposal of shares to cover tax obligations may slightly increase the trading volume of Belden Inc. stock.

Key Dates