Form 4: Belden Inc. Executive Hiran Bhadra Reports Stock Award Vesting and Share Transactions

Hiran Bhadra, SVP of Strategy & Technology at Belden Inc., reports the vesting of performance stock units and subsequent share transactions.

Summary

• Hiran Bhadra, a Senior Vice President at Belden Inc., filed a Form 4 detailing changes in their beneficial ownership of Belden's stock.
• On March 28, 2025, Bhadra received 5,548 shares of Belden common stock after the vesting of performance stock units (PSUs).
• The vesting was based on a conversion factor of 2.00 applied to an initial grant of 4,086 PSUs from March 14, 2022.
• The reported transaction also reflects shares held indirectly through the Belden Retirement Savings Plan, totaling 717.5739 shares.
• Bhadra has granted Brian E. Anderson a Limited Power of Attorney for Rule 144 and Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The vesting of PSUs suggests that performance goals were met, which is mildly positive.

Positives

• The vesting of performance stock units suggests that performance goals were met, which could be viewed positively.

Future Outlook

The document does not contain specific forward-looking statements about Belden Inc.'s future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously granted performance-based equity awards.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting of performance stock units is a common form of executive compensation, aligning executive incentives with company performance, similar to practices at companies like Amphenol and TE Connectivity.

Stakeholder Impact

• Shareholders may view the vesting of performance stock units as a sign that company performance is aligned with executive compensation.

Key Dates

Keywords

Form 4, Belden Inc., Hiran Bhadra, Performance Stock Units, Beneficial Ownership, SEC, BDC, Stock Award, Vesting