Form 4: Belden Inc. Executive Jay Wirts Reports Stock Transactions Following PSU Conversion and RSU Grant

Jay Wirts, EVP at Belden Inc., reports acquisition of shares through performance stock unit conversion and restricted stock unit grant, along with adjustments to holdings in the company's 401(k) plan.

Summary

• Jay Wirts, an Executive Vice President at Belden Inc., filed a Form 4 disclosing changes in beneficial ownership of Belden Inc. stock.
• On February 26, 2025, Wirts acquired 4,769 shares of common stock after tax withholding, resulting from the conversion of performance stock units (PSUs) based on a conversion factor of 1.935 approved by the Company's Compensation Committee.
• The conversion was related to a grant of 3,533 PSUs on February 22, 2022, with the conversion factor applied after a three-year performance period.
• Wirts also acquired 3,068 shares of common stock through a restricted stock unit (RSU) grant on February 26, 2025, which will vest in installments over the next three years.
• Additionally, the filing reflects Wirts's holdings of 196.9503 shares of Belden Inc. common stock in the Belden Retirement Savings Plan.
• Following these transactions, Wirts directly owns 18,550 shares of Belden Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transactions reflect standard executive compensation practices and alignment of interests with shareholders. The vesting schedule suggests a long-term commitment from the executive.

Positives

• The acquisition of shares through PSU conversion and RSU grant indicates confidence in the company's performance and future prospects.

Future Outlook

The vesting schedule of the RSUs indicates continued employment and contribution to the company's success over the next three years.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. Grants of PSUs and RSUs are typical components of executive compensation packages.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, stock options, and restricted stock units.
• Companies like Corning, Amphenol, and TE Connectivity, which operate in similar industries, also utilize equity-based compensation to incentivize their executives.
• The vesting schedules and performance metrics associated with these grants vary depending on the company's specific goals and compensation philosophy.

Stakeholder Impact

• The transactions signal to shareholders that the executive's interests are aligned with theirs, as their compensation is tied to the company's performance.

Key Dates