Form 4: Belden Inc. Executive Lieser Reports Stock Award Conversion and Holdings
SEC Form 4 Filing
Brian Lieser, EVP at Belden Inc., reports the conversion of performance stock units to restricted stock units and holdings in the company's retirement savings plan.
Summary
- Brian Lieser, an Executive Vice President at Belden Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On September 10, 2024, 6,986 performance stock units (PSUs) were converted to 13,972 restricted stock units (RSUs) due to a conversion factor of 2.0 based on the company's total stockholder return during the performance period.
- These RSUs will vest on August 30, 2025, assuming continued employment.
- Lieser also reported holdings of Belden Inc. common stock in the Belden Retirement Savings Plan, totaling 356.5989 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock ownership, with no inherent positive or negative sentiment.
Future Outlook
The 13,972 RSUs will vest on August 30, 2025, assuming continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership of Belden Inc. stock.
Key Dates
| Date | Description |
|---|---|
| February 15, 2023 | Date of Limited Power of Attorney execution. |
| August 30, 2021 | Date the Reporting Person was awarded 6,986 performance stock units (PSUs). |
| September 10, 2024 | Date of transaction: conversion of PSUs to RSUs. |
| August 30, 2025 | Vesting date for the 13,972 restricted stock units (RSUs), assuming continued employment. |
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