Form 4: Belden Inc. Executive Leah Tate Reports Changes in Beneficial Ownership Following Stock Appreciation Rights Exercise

Leah Tate, SVP HR of Belden Inc., reports the exercise of stock appreciation rights (SARs) and subsequent disposal of shares to cover taxes, resulting in a net change in beneficial ownership.

Summary

• On November 1, 2024, Leah Tate, SVP HR of Belden Inc., executed transactions involving stock appreciation rights (SARs) and common stock.
• Tate exercised SARs at various prices ($61.79, $51.14, $45.11, $53.79, and $85.77) and simultaneously disposed of shares to cover the exercise and tax obligations.
• The transactions resulted in a net increase in the number of shares beneficially owned, from 24,406 to 25,643 shares of common stock directly owned.
• Additionally, Tate indirectly owns 3,360 shares through a spouse and 1,013.8004 shares through a 401(k) plan.
• Brian E. Anderson, acting as attorney-in-fact, signed the Form 4 on behalf of Leah Tate on November 5, 2024.
• A Limited Power of Attorney was established on March 3, 2022, granting Brian E. Anderson the authority to handle SEC filings related to Belden Inc. securities on behalf of Leah Tate.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The exercise of SARs indicates a belief in the future performance of Belden Inc.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Companies like CommScope and Corning, which operate in similar industries, also regularly file Form 4 documents when their executives trade company stock or derivatives.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring a level playing field across all publicly listed entities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Employees holding stock options or SARs may be interested in the exercise prices and market value of the stock.

Key Dates