Form 4: Belden Inc. Executive Jay Wirts Reports Share Withholding for Taxes
SEC Form 4 Filing
Jay Wirts, EVP of Enterprise Solutions at Belden Inc., reports the withholding of shares for tax purposes related to a previous restricted stock unit grant.
Summary
- On January 7, 2025, Jay Wirts, EVP of Enterprise Solutions at Belden Inc., reported a transaction involving common stock.
- 139 shares were withheld for tax purposes related to a restricted stock unit grant from January 1, 2022, that vested on January 7, 2025.
- Following the transaction, Wirts directly owns 11,702 shares and indirectly owns 182.0512 shares through the Belden Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves the withholding of shares for tax purposes, not a sale or purchase of shares on the open market.
Key Dates
| Date | Description |
|---|---|
| 2022-01-01 | Date of restricted stock unit grant related to the share delivery. |
| 2023-06-09 | Date of Limited Power of Attorney execution. |
| 2025-01-07 | Date of transaction (share withholding) and report filing. |
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