Form 4: Belden Inc. SVP HR Leah Tate Reports Acquisition of Common Stock Through Employee Stock Purchase Plan

Leah Tate, SVP HR of Belden Inc., reports acquiring 323 shares of common stock through the company's Employee Stock Purchase Plan at a price of $65.718 per share.

Summary

• On July 9, 2024, Leah Tate, SVP HR of Belden Inc., acquired 323 shares of common stock through the company's Employee Stock Purchase Plan.
• The price per share was $65.718.
• Following the transaction, Ms. Tate directly owns 23,243 shares of Belden Inc. common stock.
• Ms. Tate also indirectly owns 3,360 shares through her spouse and 1,013.8004 shares through a 401(k) plan.
• The shares were acquired under the Belden Inc. 2021 Employee Stock Purchase Plan, which is broadly available to employees.
• The purchase price is 85% of the lesser of the stock price at the beginning (January 1, 2024) or end (June 30, 2024) of the offering period.
• A Limited Power of Attorney is in place, appointing Brian E. Anderson as attorney-in-fact for Rule 144 and Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to an employee stock purchase plan. There's no indication of significant positive or negative implications for the company.

Positives

• Employee participation in the stock purchase plan indicates confidence in the company's future.
• Increased insider ownership can be seen as a positive signal to investors.

Industry Context

Insider transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Employee stock purchase plans are a common benefit offered by publicly traded companies.

Comparison to Industry Standards

• Employee stock purchase plans are a common benefit offered by publicly traded companies, such as Texas Instruments and Microsoft, allowing employees to purchase company stock at a discounted rate.
• Insider transactions are routinely monitored and reported, with companies like Apple and Amazon seeing frequent filings by their executives and directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals insider confidence.
• Employees benefit from the opportunity to participate in the Employee Stock Purchase Plan.

Key Dates