Form 4: Belden Inc. SVP Finance and CFO Jeremy Parks Reports Changes in Beneficial Ownership
SEC Form 4
Jeremy Parks, SVP Finance and CFO of Belden Inc., reports the acquisition and disposal of common stock due to performance stock units (PSUs) conversion and restricted stock units (RSUs) grant.
Summary
- On February 26, 2025, Jeremy Parks, SVP Finance and CFO of Belden Inc., reported changes in beneficial ownership of the company's common stock.
- Parks acquired 6,181 shares of common stock due to the conversion of performance stock units (PSUs) and 5,627 shares due to a grant of restricted stock units (RSUs).
- The conversion of PSUs was based on a conversion factor of 1.935 approved by the Company's Compensation Committee on February 26, 2025, resulting in an award of 13,971 shares before tax withholding.
- After tax withholding, 6,181 shares were delivered to Parks.
- The RSU grant will vest in installments: 25% on February 26, 2026, 25% on February 26, 2027, and 50% on February 26, 2028.
- Parks also holds 955.4776 shares of Belden Inc. common stock in the Belden Retirement Savings Plan.
- Following these transactions, Parks directly owns 39,461 shares of Belden Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of management interests with shareholders through equity ownership.
Positives
- The vesting of RSUs could incentivize Parks to remain with the company and contribute to its long-term success.
Future Outlook
The vesting schedule of the RSUs extends to February 26, 2028, suggesting a continued role for the reporting person at Belden Inc.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions reflect alignment of executive interests with shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-01-12 | Date of Limited Power of Attorney execution. |
| 2022-02-22 | Reporting Person received a grant of 7,220 performance stock units (PSUs). |
| 2025-02-26 | Conversion factor of 1.935 approved for PSUs; RSU grant date. |
| 2025-02-26 | Date of earliest transaction reported. |
| 2026-02-26 | 25% of RSUs will vest. |
| 2027-02-26 | 25% of RSUs will vest. |
| 2028-02-26 | 50% of RSUs will vest. |
| 2025-02-28 | Date of signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.