Form 4: Belden Inc. Executive Exercises Stock Appreciation Rights and Sells Shares Under Pre-Arranged Plan

Belden Inc.'s SVP, Legal, GC and Corporate Secretary, Brian Edward Anderson, exercised Stock Appreciation Rights and sold a portion of his common stock holdings on July 17, 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Brian Edward Anderson, SVP, Legal, GC and Corporate Secretary of Belden Inc., engaged in multiple transactions involving Belden Inc. common stock and Stock Appreciation Rights (SARs) on July 17, 2025.
• He exercised 6,854 Stock Appreciation Rights with an exercise price of $74.91 per share. The Fair Market Value (FMV) on the exercise date was $128.58 per share.
• As a result of the SAR exercise, 1,597 shares were issued, and 5,257 shares were effectively withheld to cover the difference between SARs exercised and shares issued, and to satisfy tax withholding obligations.
• He also sold 7,158 shares of common stock at an average price of $130.509 per share, with prices ranging from $130.00 to $131.07.
• Both the SAR exercise and the sale of shares were conducted under a Rule 10b5-1 trading plan adopted on February 24, 2025.
• Following these transactions, Mr. Anderson directly holds 39,574 shares of Belden Inc. common stock and indirectly holds 1,046.51 shares through the Belden Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions under a pre-arranged plan, which is neutral in sentiment. It does not indicate any positive or negative operational or financial news for the company.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and not reactive sale.

Negatives

• An insider sale, even if pre-planned, reduces the executive's direct equity stake in the company.

Risks

• No specific risks related to company operations or financial health are mentioned. The inherent risk of insider selling is that it could be perceived negatively by the market, though less so with a 10b5-1 plan.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook. It solely reports insider transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity and does not provide information relevant to broader industry trends or competitive analysis. It reflects an individual executive's equity management.

Comparison to Industry Standards

• This document is a standard SEC Form 4 filing, reporting insider transactions. There are no specific company results or projects to compare against global benchmarks or comparable companies. The transactions themselves are typical for executives managing their equity compensation.

Stakeholder Impact

• Shareholders: The sale of shares by an executive could be perceived as a slight reduction in insider alignment, though mitigated by the 10b5-1 plan. The exercise of SARs represents the executive monetizing part of their compensation.

Key Dates

Keywords

Belden Inc., BDC, Form 4, Insider Trading, Stock Appreciation Rights, SARs, Rule 10b5-1 Plan, Common Stock, Executive Compensation, Beneficial Ownership